Egypt’s Finance Sells T-Bonds Worth EGP1.5 bln, Yields Fall to 15.9%

Egyptian Finance Ministry said it has successively sold 10-year treasury bonds totaled EGP 1.5 billion, in which the yield fell to  15.9%.

The ministry has further pointed out through its website that the volume of the applying auctions are valued at EGP 3.45 billion, recording an average yield of 16.2%, a highest of 16.3%, and a lowest of 15.9%.

It is worth noting that the ministry will also offering treasuring bills worth EGP 12 billion next Wednesday, August 7^th instead of the coming Thursday and Sunday which coincide with the Eid al-Fitr holidays.