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|06 December, 2018

Egypt to auction $1bln one-year dollar T-bills on Monday - central bank

The auction would be settled on Tuesday, the bank said.

A man counts Egyptian pounds outside a bank in Cairo, Egypt October 24, 2016. Image used for illustrative purpose.

A man counts Egyptian pounds outside a bank in Cairo, Egypt October 24, 2016. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany

CAIRO- Egypt will auction $1 billion worth of one-year dollar-denominated treasury bills next Monday, the central bank said on Thursday.

The auction will be settled on Tuesday, the bank said.

One-year bills worth about $1.15 billion are due to mature on the same day. The average yield on those bills was 3.495 percent.

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In the last dollar-denominated treasury bill auction, on Nov 19, the average yield was 3.697 percent.

(Reporting by Lena Masri; Editing by Toby Chopra and Patrick Werr) ((Lena.Masri@thomsonreuters.com;))