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Egyptian Finance Ministry auctions T-bills at LE 15.750 bn

The Egyptian Finance Ministry auctioned on Sunday 91- and 273 -day T-bills at LE 15.750 billion.

The 91-day T-bills stood at LE 7.750 billion with an average yield of 19.468%

The 273-day T-bills valued at LE 8 billion with an average yield of 19.362%.

The Ministry of Finance issued T-bills and bonds to make up for the budget deficit which is expected to reach LE 370 billion.

Also, Arab grants and aids alongside international loans contribute to covering this deficit.

 

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