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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
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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.
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