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| 13 November, 2017

Egypt sells EUR692.9mln in euro-denominated T-bills auction- C.bank

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

Egypt has sold EUR692.9 million in one-year euro-denominated treasury bills to local and foreign financial institutions.

CAIRO- Egypt has sold 692.9 million euros in one-year euro-denominated treasury bills to local and foreign financial institutions in an auction, the central bank said on Monday.

The average yield for the bills, which mature on Nov. 13 2018, was 1.499 percent.

Appetite for Egypt's domestic debt has grown since the central bank floated the pound currency in November 2016 as part of a deal for a $12 billion International Monetary Fund loan.

(Reporting by Arwa Gaballa and Eric Knecht) ((arwa.gaballa@thomsonreuters.com; +20 2 2578 3290;))