Egypt sells half a billion dollars in treasury billsVisits : 149

Egypt sells half a billion dollars in treasury bills

Egypt sold 7.816 billion pounds (498 million dollars) in treasury bills for a term of 91 days, and requests from investors wishing to buy amounted to 1.82 times the volume of supply.

The return on sold bills amounted to 13.114 percent, while the balance of current bills is 23.18 billion pounds, according to Bloomberg.

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