Egypt sells 91-day T-bills

CAIRO: Egypt central bank sold more 91-day treasury bills than originally offered at an auction on Sunday but trimmed the amount 266-day T-bills sold, the Finance Ministry said on its website.

The bank sold 3 billion Egyptian pounds ($498.1 million) of 91-day bills compared to the 2 billion it offered, with the average yield remaining steady from last week at 13.95 percent.

It sold only 1 billion pounds of 266-day T-bills, short of the 3.5 billion pounds it had offered, with the average yield rising to 15.26 percent from 15.144 percent at the last issue on Dec 13. The bank sells T-bills on behalf of the Finance Ministry.