Egypt's finance ministry auctions EGP 18 bln in T-bonds

Egypt's Ministry of Finance auctioned on Sunday treasury bills at a total value of EGP 18 billion.

In an online statement, the ministry said it sold EGP 8.250 billion of 182-day T-bills with an average yield of 17.621%, adding it accepted bids at rates between 17.641 % and 17.600%.

As for the 364-day T-bills, worth EGP 8.750 billion, they achieved average revenues of 17.299%, the ministry said, adding it accepted bids at rates between 17.321% and 17.19%.

The Central Bank of Egypt auctions T-bills on behalf of the finance ministry.