Finance Ministry auctions EGP 11.2 bn T-bonds

The Finance Ministry auctioned on Sunday treasury bonds at a total value of EGP 11.25 billion.

In an online statement, the ministry said it sold EGP 5.75 billion of 91-day T-bills. The average yield was 14.507 percent, it said, adding it accepted bids at rates between 14.552 and 14.401 percent.

As for the 266-day T-bills, they were sold for EGP 5.5 billion and achieved average revenue of 16.415 percent, the ministry said, adding it accepted bids at rates between 16.43 and 16.251 percent.

The Central Bank of Egypt auctions T-bills and T-bonds on behalf of the Finance Ministry.