Egypt sells 2.5 bln Eg pounds in T-bills, as planned

Egypt's Ministry of Finance said the central bank sold 2.5 billion Egyptian pounds in domestic treasury bills on Sunday, the same amount it had offered.

The central bank sold 1 billion pounds of 91-day T-bills on behalf of the ministry at an average yield of 11.907 percent, down from 11.995 percent at last week's auction.

The bank also sold 1.5 billion pounds of 259-day T-bills at an average yield of 12.912 percent, up from 12.757 percent at the last issue on July 19.