Yields
El-Etreby, who is also the Chairman of Banque Misr, said in a TV interview that it is scheduled to suspend working with those certificates before the end of January.
As for the 273-day T-bonds, worth LE 8.750 billion, they achieved average revenue of 19.812 percent, the ministry said.
The Commercial International Bank (CIB) will join the four banks issuing Aman Certificate; the bankhasalready obtained all approvals.
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 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.
The Aman Certificate is available at four Egyptian banks, which are the National Bank of Egypt, Banque Misr, Banque Du Caire and the Agriculture Bank of Egypt.
The ministry said it auctioned 91-day T-bills worth LE 7.250 billion with an average interest rate hitting 19.125 percent.
The dollar is available at all the bank’s branches all over the country.
Chairman of the Agriculture Bank of Egypt al-Sayed al-Kosair said that the bank issued 90,000 Aman certificates with a total yield of LE 129 million.
Chairman of Banque Misr Ahmed el-Atraby said that his bank issued Aman certificates with a total yield of LE 511.5 million in a month.
The average yields on the 182-day bills recorded LE 6.75 billion, reaching an average yield of 17.81 percent.
A wrap-up of the most prominent business news of the day.
Chairman of the Agriculture Bank of Egypt al-Sayed al-Kosair said that the bank issued 44,000 Aman certificates with a total yield of LE 796 million.
The average yields on the 182-day bills recorded LE 5.77 billion, reaching 17.75 percent.
U.S. stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields.
U.S. stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday.
For nearly nine years, the global hunt for yield sent you to one place: the U.S. stock market.
Average yields on Egypt’s six-month and one-year treasury bills fell at an auction on Thursday.
Average yields on Egypt’s three- and nine-month treasury bills fell at an auction on Sunday, central bank data showed.
Average yields on Egypt’s three- and nine-month treasury bills fell at an auction on Thursday.
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