The Finance Ministry auctioned on Sunday 6/1/2012 the 91-day and 266-day treasury bills at a total value of 5 billion pounds. In an online statement, the ministry said the average yield on the 91-day T-bills was 13.581%, adding it accepted bids at rates between 12.999% and 13.8%.
As for the 266-day T-bills, they achieved average revenue of 14.429%, the ministry said, adding it accepted bids at rates between14% and 14.7%.
Meanwhile, the ministry cancelled a planned auction of the 5-year treasury bonds (maturing on November 13, 2017) and 7-year treasury bonds (maturing on November 13, 2019).
The bonds and bills are sold by the Central Bank of Egypt on behalf of the Finance Ministry.