Egypt’s Central Bank Sells $1.57 Billion in USD-Denominated Treasury Bills ...Egypt

Egyptian Streets - News
source : Egyptian Streets ( Egypt ) () 111
The Central Bank of Egypt (CBE) announced on Monday, 11 November, that it successfully issued USD 1.57 billion (EGP 77.3 billion) in one-year USD-denominated treasury bills (T-bills), according to a statement by the bank.  The sale attracted approximately USD 1.73 billion (EGP 85.1 billion)  in bids, with a minimum yield of 4.48 percent, a maximum of 5.25 percent, and a weighted average yield of 4.56 percent. The CBE accepted 21 bids for the full USD 1.57 billion (EGP 77.3 billion)  amount at a weighted average yield of 4.49 percent. This marks Egypt’s fifth USD-denominated T-bill issuance in 2024, with previous sales including USD 500 million (EGP 24.6 billion) in June and three issuances e

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