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Tuesday, 27 November 2018

Egypt sells EGP 1.25 bn worth of T-bonds

The central bank sold EGP 1.25 bn-worth of treasury bonds on Monday, Finance Ministry data shows. Yields on the three-year T-bonds worth EGP 750 mn averaged 18.14%, while yields on seven-year T-bonds worth EGP 500 mn averaged 18%. Egypt had issued last week USD 2.57 bn-worth of treasury bonds in two tranches: A USD 860 mn series with a 2026 maturity at 7.12% and a USD 1.76 bn series maturing in 2028 at 7.62%.

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