Finance Ministry auctions LE 2.5 bln T-bonds

CAIRO – 23 October 2017: The Finance Ministry auctioned on Monday treasury bonds at a total value of LE2.250 billion.

In an online statement, the ministry said it sold LE1.25 billion of five-year bonds with average interest rate hitting 15.583%.

The yield ranged from 15.7% to 15.3%.

It also sold ten-year bonds that had a coupon of 15.495 percent. The yield ranged from 15.68 percent to 15.3 percent.

The Central Bank of Egypt auctions T-bonds on behalf of the Finance Ministry.