Egypt reduces size of T-bill sale

CAIRO : Egypt's central bank sold 3.25 billion Egyptian pounds ($546 million) in domestic treasury bills on Sunday, pari
04 Sep, 2011

The central bank sold 1.5 billion pounds of 91-day T-bills on behalf of the ministry at an average yield of 12.053 percent, up from 11.995 percent at last week's auction.

The bank also sold 1.75 billion pounds of 259-day T-bills, half of the amount it had offered, at an average yield of 12.991 percent, up from 12.912 percent at the last issue on Aug 16.

 

Copyright Reuters, 2011

 

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