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Egypt sells 734.3mn euros of 1-year T-bills: central bank

Imaduddin 17 Nov 2014

imageCAIRO: Egypt's central bank said on Monday it had sold 734.3 million euros ($917.80 million) in euro-denominated one-year treasury bills at an average yield of 1.894 percent.

The government has turned mainly to the local money market to finance its public deficit since Egypt's popular uprising in early 2011 deterred most foreign investors.

Copyright Reuters, 2014

Egypt sells 734.3mn euros of 1-year T-bills: central bank

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