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Egypt to auction $1bn in one-year dollar T-bills

CAIRO: Egypt will auction $1 billion worth of one-year dollar-denominated treasury bills on Monday, the central bank
Published May 2, 2019 Updated May 2, 2019 03:55pm

CAIRO: Egypt will auction $1 billion worth of one-year dollar-denominated treasury bills on Monday, the central bank said.

The auction will be settled on Tuesday when dollar T-bills worth $1.1 billion are due to mature.

Officials say they are trying to diversify the country's sources of foreign debt and lengthen its average maturity.

Copyright Reuters, 2019

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