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CBE nets $1.7bn proceeds of one-year T-bills

CBE nets $1.7bn proceeds of one-year T-bills
CBE nets $1.7bn proceeds of one-year T-bills

Cairo – Mubasher: The proceeds of the one-year dollar-denominated treasury bills (T-bills) issued last Monday amounted to $1.7 billion, data by the Central Bank of Egypt (CBE) showed.

The average yield of the 364-day T-bills stood at 3.69%, according to the CBE’s official website.

The Ministry of Finance had issued 364-day T-bills worth $1.67.

The Egyptian finance minister Mohamed Maait previously said that Egypt was reviewing expansion in the Asian debt markets in the coming period.