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CBE sells EGP 697m T-bonds

CBE sells EGP 697m T-bonds
Five-year T-bonds have an average yield of 13.837%

By: Islam Fadl

Cairo – Mubasher: The Central Bank of Egypt (CBE) accepted bids worth EGP 697 million for five- and ten-year treasury bonds (T-bonds) in two auctions on Monday after it originally offered EGP 3.75 billion in T-bonds.

With an average yield of 13.837%, the CBE accepted EGP 326 million worth of five-year T-bonds out of total submitted bids worth EGP 2.612 billion after it offered EGP 2.25 billion T-bonds, according to official data.

In addition, the CBE accepted EGP 371 million worth of ten-year T-bonds with an average yield of13.797 % out of total submitted bids valued at EGP 2.25 billion after it offered EGP 1.5 billion T-bonds.