Finance Ministry auctions LE 18.7B T-bills

CAIRO - 4 October 2018: The Finance Ministry auctioned on Thursday treasury bills at a total value of LE 18.7 billion.

In an online statement, the ministry said it auctioned LE 9.5 billion of 182-day T-bills with an average yield of 19.85 percent, adding it accepted bids at rates between 18.88 percent and 19.9 percent.

It also auctioned 357-day T-bills, worth LE 9.2 billion with an average yield of of 19.6 percent, the ministry said.

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