Finance Ministry offers T-bills at EGP 7bn

The Finance Ministry auctioned on Thursday treasury bills at a total value of EGP 7 billion.
In an online statement, the ministry said it sold EGP 3 billion of 182-day T-bills. The average yield was 11.372 percent, it said, adding it accepted bids at rates between 11.401% and 11.309 %.
As for the 364-day T-bills, sold for EGP 4 billion, they achieved average revenue of 11.461, the ministry said, adding that it accepted bids at rates between 11.488% and 11.300 %.
The Central Bank of Egypt announced that it will auction 91- and 273-day T-bills at a total value of EGP 6.5 billion on Sunday.