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Kojak had said that the rate is “fair” compared to the previous issuance in 2015

CBE receives 26 offers to invest $720m in T-Bills auction

The CBE accepted 20 offers worth a total of $509.3m, with interest ranging between 3.42% as the lowest price, 3.45% as the highest price, and 3.446% as an average. This compared to 3.47% as the lowest price and 3.5% as the highest price, and 3.495% as an average in the last similar bid in May.

Hossam Mounir