CAIRO: Egypt’s central bank reduced the size of a LE 15 billion ($2.52 billion) treasury bill auction by LE 2 billion on Monday, suggesting demand for the country’s debt was subdued after two weeks of political unrest.
In its first auction after a week-long bank closure, the bank sold LE 7 billion in 91-day bills compared to a planned 8 billion, and LE 4 billion in 182-day bills versus 5 billion initially foreseen.
It sold LE 2 billion in 273-day bills as planned.
