Cairo – Mubasher: The Central Bank of Egypt (CBE) on Sunday said that the yield of 91-day and 273-day treasury bills (T-bills) have stood at EGP 16.25 billion.

The average yield of 91-day T-bills recorded 18.97% with a total of EGP 8.25 billion in proceeds, according to the CBE’s official website.

Meanwhile, the average yield on 273-day notes hit 19.11% with a total turnover of EGP 8 billion, the CBE’s data showed.

Earlier this morning, the CBE announced the issuance of T-bills worth EGP 16.25 billion on behalf of the Ministry of Finance (MOF).

Egypt aims to issue EGP 409.6 billion T-bills and EGP 101.6 billion bonds in fiscal year 2018/2019.

The CBE previously said that Egypt’s total foreign debt rose 2.3% quarter-on-quarter, or $1.8 billion, to $80.8 billion in the first quarter of FY17/18.