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FINANCIAL NEWS
Local, global institutions to invest 734.9mn euros in T-bills in Egypt
23 Aug 2017
(MENAFN) Banks and global and regional financial institutions provided to invest 734.9mn euros in T-bills in a bid put by the Central Bank of Egypt.
Meanwhile, the bank is offering T-bills worth 650mn euros on behalf of the Ministry of Finance, which is the first time euro denominated T-bills are offered this year.
Accordingly, the CBE received 29 bids in order to cover the bid reaching a total of 734.9mn, of which it accepted 24 offers worth 659mn euros.
In addition, the interest rate granted to investors in those bills range between 1.75 percent and 1.80 percent.
MENAFN2308201700450000ID1095761654
MENAFN2308201700450000ID1095761654
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