T-bills |

Central Bank of Egypt sold US$37.8mn in FX and offered EGP 7bn in T-bills..

Cairo, Egypt (Capital Markets in Africa) — The Central Bank of Egypt (CBE) reported that US$37.8 million was sold to banks out of the US$40 million on offered in a foreign currency auction held today. The Egyptian pound remained unchanged at cut-off price of 7.73 against the dollar. However, the CBE allowed the Egyptian pound to depreciate by EGP 0.20 from 7.53 against the greenback in July. In addition, the CBE announced on Sunday issuing treasury bills worth EGP…

Central Bank of Egypt sells $37.8m in FX auction and autions EGP7bn in T-bills

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- The Central Bank of Egypt said it sold $37.8 million to banks in a foreign currency auction held Sunday. The bank had offered $40 million. Cut-off price amounted to EGP 7.53 per dollar, the central bank added. The dollar exchange rate steadied at 7.53 against the Egyptian pound for the first time on 4 February. Futhermore, the Central Bank of Egypt said it will hold a public auction Sunday…

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

Posted on by The Editorial Team

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.