• 23:54
  • Monday ,16 October 2017
العربية

Egypt issues EGP 13.25 billion in treasury bills

By-Ahram

Home News

00:10

Monday ,16 October 2017

Egypt issues EGP 13.25 billion in treasury bills

Egypt said on Sunday it issued treasury bills worth EGP 13.25 billion ($744 million), state owned MENA agency reported.

In an official statement, Egypt s finance ministry said a 91-day-term treasury bill was issued worth EGP 6.5 billion with an average yield of 18.984% from 19.001% at the last sale.
 
A 273-day-term treasury bill worth EGP 6.75 billion was also issued with an average yield of 17.977% from 18.03% at the last auction, according to the statement.
 
Egypt s domestic debt has been attracting buyers since the country liberalized its currency in November 2016 and increased key interest rates by 7 percent.