FINANCIAL NEWS

Egypt restarts selling treasury bills

02 Apr 2012

(MENAFN) Egypt’s central bank said that the country recommenced selling 3- month treasury bills after stopping them in January, reported Gulf News.

The bank added that the move came in order to save on interest payments, and as yields on other government securities dropped from record highs.

It also said that Egypt would seek bids for notes valued at USD330 million.

It is worth noting that the bank would also seek bids for 9-month bills valued at USD577 million.

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