CAIRO: Egypt’s Ministry of Finance said the central bank sold LE 3.325 billion ($558 million) in domestic treasury bills on Thursday, less than the LE 4.5 billion it had asked for.
The central bank sold LE 1 billion of 182-day T-bills on behalf of the Finance Ministry at an average yield of 12.475 percent, down from 12.529 percent at last week’s auction.
The bank sold LE 2.325 billion in 350-day T-bills, instead of the 3.5 billion it had asked for, at an average yield of 12.979 percent, up from 12.781 percent at the last issue on July 26.
