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Business & Finance

Egypt issues $1.2bn in one-year treasury bills, average yield at 3.488pc

  CAIRO: Egypt sold $1.2 billion worth of one-year treasury bills denominated in US dollars to local and foreign
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By Shoaib Ur Rehman
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CAIRO: Egypt sold $1.2 billion worth of one-year treasury bills denominated in US dollars to local and foreign financial institutions with an average yield of 3.488 percent, the central bank said in a statement on Monday.

The minimum yield was 3.44 percent and the maximum yield was 3.489 percent, it said.

 

Copyright Reuters, 2017
 

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