Yield on Egypt 182 day T-bills edges down

CAIRO: The average yield on Egyptian 182-day T-bills slipped at an auction on Thursday to 13.970 percent from 14.104 percent at last week's auction, the central bank said.

The central bank accepted bids for 182-day T-bills worth 2.5 billion Egyptian pounds ($384 million) - the same amount offered. The issue date is Jan. 15.

The average yield on 364-day T-bills was 14.503 percent, compared to 13.623 percent at the last issue on Dec. 18. It accepted bids for 4 billion pounds, the same amount it had offered.

The central bank two weeks ago cancelled an auction for 364-day T-bills for Jan. 1 issue.