Finance Ministry auctions LE 3B T-bonds

CAIRO - 2 July 2018 The Finance Ministry auctioned on Monday treasury bills at a total value of LE 3 billion.

In an online statement, the ministry said it has sold LE1.750 billion of five-year T-bills with an average yield of 17.756 percent, adding it accepted bids at rates between 17.85 percent and 17.5 percent.

As for the ten-year T-bills, worth LE 1.250 billion, they achieved average revenue of 17.859 percent, the ministry said.

The yield ranged from 18 percent to 17.2 percent.

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