3 January 2014

Egypt: Finance Ministry Auctions Egp Six Billion T-Bills

Ministry of Finance on Thursday 02/01/2014 auctioned treasury bills at a total value of EGP 6 billion.

In statements, the ministry said it sold EGP 2.5 billion of 182-day T-bills with a 1.91 bid-to-cover ratio. The average yield was 10.874%, it said, adding it accepted bids at rates between 10.84% and 10.9%.

As for the 364-day T-bills, they achieved average revenue of 11.126%, the ministry said, adding it accepted bids at rates between 10.999% and 11.15%.

They recorded a 3.02 bid-to-cover ratio. The Central Bank of Egypt (CBE) auctions T-bills on behalf of the Finance Ministry.

HEC - 3,417 Candidates Apply for Running in Parliamentary Elections

Some 3,417 candidates across the country applied over the past two days to run in the upcoming parliamentary elections, … see more »

Copyright © 2014 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.