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Egypt sells 6.5bn Eg pounds
CAIRO : Egypt 's central bank sold 6.5 billion Egyptian pounds ($1.09 billion) in domestic treasury bills on Sunday, th
CAIRO: Egypt's central bank sold 6.5 billion Egyptian pounds ($1.09 billion) in domestic treasury bills on Sunday, the same amount it had offered, Egypt's Finance Ministry said.
The central bank sold 3 billion pounds of 91-day T-bills, on behalf of the ministry. The average yield fell to 12.792 percent from 13.024 percent at last week's auction.
It also sold 3.5 billion pounds of 273-day T-bills, the average yield fell to 13.759 percent from 13.842 percent at the last issue on Sept. 20.
Copyright Reuters, 2011
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