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Egypt sells T-bills worth $1bn as planned

Cairo, April 14, 2011

Egypt's central bank said it sold EGP 6 billion ($1.01 billion) in domestic treasury bills on Thursday (CBEY), with yields on its 182-day bills declining.

The bank sold EGP 2.5 billion of 182-day bills, the same amount it asked for, at an average yield of 11.921 per cent, down a fraction from 11.923 per cent at last week's auction.

The bank also sold EGP 3.5 billion of 350-day T-bills, the same amount it had offered, at an average yield of 12.584 per cent, up from 12.395 per cent at the last issue on March 29.-Reuters




Tags: economy | investment | finance | Egypt central bank | Treasury Bills |

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