Markets

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

Published November 17, 2014 Updated November 17, 2014 11:53am

1 min

By Imad Uddin

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CAIRO: 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.

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