Egypt: Finance Ministry Auctions T-Bonds Worth Egp 13 Bln

The Ministry of Finance on Monday auctioned treasury bonds at a total value of EGP 13 billion. In an online statement, the ministry said it sold three-year T-bonds worth EGP 8.5 billion, with an average yield of 14.53%.

The ministry also sold seven-year T-bonds valued at EGP 2 billion, with an average yield of 14.53%. It auctioned zero coupon bonds worth EGP 2.5 billion, with an average yield of 13.566%.

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