Gold prices in Egypt on July 3    Egypt's Qalaa Holdings Q1 revenues climb 134%, winning over global challenges    Egypt introduces first beach for visually-impaired guests in Alexandria    Egypt's athlete Basma Emad wins bronze in weightlifting in Mediterranean Games    Gold prices in Egypt on July 3    Saudi citizens could enter Schengen countries visa-free    Egypt's Petrojet returns to Libyan oil sector after 11 years    Cemex, VeryNile sign deal for Egypt's Nile River    NATO remarks Egypt's role in maintaining stability in Middle East and Africa    Congo needs Egypt's expertise to diversify its economy – FPI official    Dostarlimab drug cures rectal cancer patient 100%, trials show    Egypt: A royal train turns into a new tourism attraction    For the first time John Legend to perform in Egypt    Egypt discovers newly treasure trove of ancient artifacts at Saqqara Necropolis    Noura Al-Mutair – first Gulf female boxer in World Championships    Liverpool fans: "You'll Never Walk Alone" to Cristiano Ronaldo    Egypt to play key role in integrating water, climate issues globally – World Bank official    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Yields on Egypt's T-Bonds down by 0.65-0.89%
Interest rates, accepted by finance ministry, on 3-year bonds fall between 16.4-16.58%, yields on 7-year bonds record 16.74-17.15%
Published in Daily News Egypt on 19 - 02 - 2019

Following the Central Bank of Egypt's (CBE) decision to cut interest rates by 1% on Thursday, the yields on Egypt's state treasury bonds launched by the Ministry of Finance saw a decline on Monday ranging between 0.65 and 0.89%.
On Monday, the CBE, on behalf of the Ministry of Finance, issued a three-year bond worth EGP 1bn.
The interest rates, accepted by the Ministry of Finance, on the T-Bonds has declined to 16.4% for the lowest price, 16.58%% for the highest price, and 16.506% on average, compared to 17.1%, 17.34%, and 17.34% in the last T-Bonds offer launched on 5 February, a decline ranging between 0.7% and 0.834%.
The CBE received offers from 78 investors worth EGP 5.976 bn, equivalent to about six times the required value, of which only 25 were accepted with a value of EGP 3.09bn, while the rest bids were rejected, of which their yields reached 18.5%.
Also, the CBE issued on Monday another 7-year T-Bonds offer worth EGP 750 m.
The interest rates, accepted by the Ministry of Finance, on the 7-year T-Bonds have declined to 16.74% for the lowest price, 17.15% for the highest price, and 16.982% on average, compared to 17.5%,17.80%, 17.713% in the last T-Bonds offer launched on 5 February, a decline ranging between 0.65, and 0.76%.
The CBE received offers from 66 investors worth EGP 2.25bn, equivalent to about 3 times the required value, of which 46 ones were accepted with a value of EGP 955.40m, while the rest bids were rejected, of which their yields reached 18.55%.
It's to be noted that the yields on Egypt's T-Bonds launched by the Ministry of Finance saw a decline on Sunday ranging between 0.34 and 0.83%, while the interest rates, accepted by the Ministry of Finance, on the T-Bonds for maturity of 91 days have declined to between 17.248%, and 17.528%, while the interest rates on the T-bonds for maturity of 273 days recorded between 17.5% and 17.8%.


Clic here to read the story from its source.