Finance Ministry auctions LE18.2 B T-bonds

CAIRO - 11 November 2018: The Finance Ministry auctioned on Sunday 91-day and 273-day treasury bonds at a total value of LE 18.250 billion.

In an online statement, the ministry said it has sold LE 9.750 billion of 91-day T-bonds with an average yield of 19.363 percent, adding it accepted bids at rates between 19.45 percent and 19.001 percent.

As for the 273-day T-bonds, worth LE 8.5 billion, they achieved average revenue of 19.863 percent, the ministry said.

The yield ranged from 19.89 percent to 19.7 percent.

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