Arab Today, arab today finance ministry auctions egp 7bn tbonds
Last Updated : GMT 02:26:33
Arab Today, arab today
Arab Today, arab today

Finance Ministry auctions EGP 7bn T-bonds

Arab Today, arab today

Arab Today, arab today Finance Ministry auctions EGP 7bn T-bonds

Egypt stock market
Cairo - MENA

The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 7 billion.

In an online statement, the ministry said it sold EGP 3 billion of 3-year, EGP 2 billion of 7-year and EGP 2 billion of zero-coupon treasury bonds.

A coupon of 12.645 percent was offered on the 3-year bonds (maturing in September 2018). The yield ranged from 12.60 percent to 12.699 percent.

It also sold 7-year bonds (maturing in August 2022) that had a coupon of 14.499 percent. The yield ranged from 14.4 percent to 14.560 percent.

Zero-coupon bonds (18-month maturity) were also sold in the auction at a 12.062 percent rate. The yield ranged from 11.990 percent to 12.100 percent.

The Central Bank of Egypt auctions T-bonds on behalf of the Finance Ministry.

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