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CBE auctions EGP6 bln in treasury bills

CBE auctions EGP6 bln in treasury bills
The Central Bank of Egypt (CBE) sold on Sunday treasury bills at a total value of EGP 6 billion.
91-day T-bills were sold at EGP 2.5 billion. Average yield amounted to 11.697%, while maximum and minimum yields reached 11.728% and 11.652% respectively. The issue was covered 2.8x.
273-day T-bills were sold at EGP 3.5 billion. Average yield amounted to 12.269%, while maximum and minimum yields reached 12.296% and 12.219% respectively. The issue was covered 2.84x.