Egypt sells T-bills worth 5.5bn EGP, as planned

CAIRO: Egypt's central bank said it sold 5.5 billion Egyptian pounds ($923.656 million) in domestic treasury bills on Sunday, the same amount it was seeking (CBEY).

The bank sold 2 billion pounds of 91-day T-bills at an average yield of 11.934 percent, down from 12.112 percent at last week's auction.

The bank also sold 3.5 billion pounds of 266-day T-bills at an average yield of 12.816 percent, down from 12.981 percent at the last issue on June 28.

Copyright Reuters, 2011