finance ministry auctions egp 2bn tbonds
Last Updated : GMT 09:40:38
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Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Finance ministry auctions EGP 2bn T-bonds

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleFinance ministry auctions EGP 2bn T-bonds

The Finance Ministry
Cairo - MENA

The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP two billion.

In an online statement, the ministry said it sold EGP 1.5 billion of 3-year bonds (maturing on September 6, 2019). The average yield was 18.573 percent, it said, adding it accepted bids at rates between 18.65% and 18.5%.

It also sold EGP 500 million of 7-year bonds (maturing on August 9, 2023) that had a coupon of 18.373%. The yield ranged from 18.4% to 18.35%. 

The Central Bank of Egypt auctions T-bonds on behalf of the Finance Ministry. 

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finance ministry auctions egp 2bn tbonds finance ministry auctions egp 2bn tbonds

 



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