Egypt central bank raises EGP6.750bn in T-bonds

Cairo, Egypt (Capital Markets in Africa):-Egypt’s central bank auctioned EGP 6.750 billion in treasury bonds on Monday.

The EGP 2 billion T-bond issue was covered 1.06 times at an average yield of 11.9%. Meanwhile, EGP 3 billion worth of T-bonds were covered twice at an average yield of 12.6%. The other EGP 1.750 billion treasury bonds were covered 1.2 times.