Finance Ministry auctions LE19B in T-bills

CAIRO - 12 September 2019: The Finance Ministry auctioned treasury bills at a total value of LE 19 billion in September.

On a timetable published Thursday, the ministry revealed that treasury bills will be offered with maturities 182 and 364 days.

The ministry said 182-day T-bills worth LE 9.2 billion was auctioned with an average yield of 16.38 percent, adding it accepted bids at rates between 16.42 percent and 16.2 percent.

Also, 364-day T-bills worth LE 9.7 billion was auctioned during the same month with an average yield of 15.877 percent, adding it accepted bids at rates between 15.9 percent and 15.85 percent.