Business & Finance
Egypt sells T-bills worth 4.975bn EGP
CAIRO : Egypt 's central bank said it sold 4.975 billion Egyptian pounds ($835.88 million) in domestic treasury bills o
By
CAIRO: Egypt's central bank said it sold 4.975 billion Egyptian pounds ($835.88 million) in domestic treasury bills on Sunday, less than the 5.5 billion pounds it was seeking.
The bank sold 2.5 billion pounds of 91-day T-bills at an average yield of 11.561 percent, down from 11.616 percent at last week's auction. It had offered 2 billion pounds.
The bank also sold 2.475 billion pounds of 273-day T-bills, at an average yield of 12.865 percent, up from 12.658 percent at last issue on May 3. It had sought bills worth 3.5 billion pounds.
Copyright Reuters, 2011
More Stories
Comments
Comments are closed for this article.