Finance Ministry auctions EGP 2.7 bln T-bonds
The Finance Ministry
Cairo - Egypt Today
The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 2.750 billion.
In an online statement, the ministry said it sold EGP 1.5 billion of three-year bonds with average interest rate hitting 15.097%.
The yield ranged from 15.23% to 14.75%.
It also sold seven-year bonds that had a coupon of 15.22 percent. The yield ranged from 15.25 percent to 14.5 percent.
The Central Bank of Egypt auctions T-bonds on behalf of the Finance Ministry.
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