Egypt sells T-bills worth $1bn as planned
Cairo, April 14, 2011
Egypt's central bank said it sold EGP 6 billion ($1.01 billion) in domestic treasury bills on Thursday (CBEY), with yields on its 182-day bills declining.
The bank sold EGP 2.5 billion of 182-day bills, the same amount it asked for, at an average yield of 11.921 per cent, down a fraction from 11.923 per cent at last week's auction.
The bank also sold EGP 3.5 billion of 350-day T-bills, the same amount it had offered, at an average yield of 12.584 per cent, up from 12.395 per cent at the last issue on March 29.-Reuters