Egypt central bank sells $725.5 million one-year USD T-bills

Egypt’s central bank said on Monday it sold $725.5 million worth of one-year dollar denominated treasury bills. (File photo: Reuters)

Egypt’s central bank said on Monday it sold $725.5 million worth of one-year dollar denominated treasury bills at an auction on Monday with an average yield of 2.236 percent.

The total bids amounted to $945.5 million. The Ministry of Finance had set the issue size at $600 million. The minimum yield was 2.17 percent while the maximum yield was at 2.24 percent.

The average yield was down from 2.433 percent at the last issue of a one-year dollar-denominated T-bill auction on May 13.
 

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Last Update: Wednesday, 20 May 2020 KSA 09:44 - GMT 06:44
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