Finance Ministry Sells EGP 500 Mln In 7-Year T-Bonds

The Egyptian Ministry of Finance sold 7-year treasury bonds worth EGP 500 million on Monday.

The yields on the T-bonds ranged from 15.24% to 5.500%, while the average return registered 15.428%.

The Ministry decided to advance an auction to sell 182- and 364-day T-bills worth EGP 7 billion to Wednesday instead of Thursday which is an official holiday on the occasion of Sinai Liberation Day.