Egypt cenbank cancels 91, 273-day T-bill auctions

DNE
DNE
1 Min Read

CAIRO: Egypt’s central bank cancelled auctions for 91-day and 273-day treasury bills worth LE 6 billion ($1 billion), the Finance Ministry said on its website on Sunday.

The bank gave no reason for the cancellation, which is not uncommon.

The central bank auctions the T-bills on behalf of Egypt’s Finance Ministry, which had offered 91-day bills worth LE 2.5 billion and 273-day bills worth LE 3.5 billion.

It had planned to issue the T-bills on Sept. 13.

 

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