Sigma Capital

12-11-2024

CBE sells treasury bills worth $1.57 billion today

Source: MIST

Al MAl-


On Monday, the Central Bank of Egypt(CBE), on behalf of the Ministry of Finance, sold $1.57 billion worth of dollar-denominated treasury bills, with a weighted average return of 4.49%.
On the other hand, banks and institutions had submitted about 30 offers, with a total value of about $1.73 billion, requesting an average interest rate of about 4.56%.
The Central Bank offers foreign currency-denominated treasury bills to pay off maturing debts. On November 12 of last year, it offered treasury bills worth $1.612 billion, for a period of one year, with an average return of 5.149%.