Advertisement
|15 August, 2018

Egypt sells $690mln in euro-denominated T-bill auction

Egypt sold EUR610mln ($690million) in one-year euro-denominated treasury bills to local and foreign financial institutions

An employee counts Egyptian pounds in a foreign exchange office in central Cairo, Egypt, November 3, 2016. Image used for illustrative purpose.

An employee counts Egyptian pounds in a foreign exchange office in central Cairo, Egypt, November 3, 2016. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany

CAIRO- Egypt sold 610 million euros ($690 million) in one-year euro-denominated treasury bills to local and foreign financial institutions in an auction, the central bank said on Wednesday.

The bills will mature on Aug. 20 2019.

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.

Advertisement

($1 = 0.8835 euros)

(Reporting by Amina Ismail; Editing by Susan Fenton) ((amina.ismail@thomsonreuters.com; +20 2 2394 8114;))