Times of Oman
Jul 07, 2015 LAST UPDATED AT 09:21 PM GMT
Egypt to raise $738m
November 19, 2012 | 12:00 AM
 
Sharelines

Cairo: Egypt will seek to raise 4.5 billion Egyptian pounds ($738 million) at an auction of treasury bills yesterday after extending loan negotiations with the International Monetary Fund. The Arab country will invite bids for one billion pounds of three-month notes and 3.5 billion pounds of nine-month securities, according to central bank data on Bloomberg.
The yield on nine-month bills declined last week 17 basis points, or 0.17 of a percentage point, to 12.95 per cent from a week earlier, the lowest level in almost 15 months.


STAY UPDATED
Subscribe to our newsletter and be the first to know all the latest news