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T-bill offerings attract over EGP 50B in bids: CBE

T-bill offerings attract over EGP 50B in bids: CBE

ArabFinance: Two treasury bill (T-bill) offerings on November 19th saw 457 submitted bids that were worth more than EGP 50.17 billion, according to the Central Bank of Egypt’s (CBE) latest data.

The first T-bill group of EGP 11.5 billion attracted 304 bids worth EGP 37.13 billion.

The CBE gave a green light for 139 of the bids at a value of EGP 8.58 billion, with a weighted average yield of 13.357%.

The other tranche of EGP 8.5 billion registered 153 submitted bids worth EGP 13.03 billion.

The CBE accepted 79 of the bids at a value of EGP 4.5 billion, holding a weighted average yield of 13.245%.

Both of the T-bill batches of EGP 20 billion in value hold maturity periods that end in 2021.

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