Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%

The value of the bills totals LE46 billion by investors, with accepted interest estimated by the Finance Ministry at an average of 23.8 percent for one-year return and a six-month return, ranging from 18 percent to 23.9 percent for both periods.

On Sunday, the CBE offered treasury bills worth LE 40 billion in two terms for three months and for nine months, on behalf of Finance Ministry, to be used in paying urgent obligations to ministries and government agencies.