Arab Finance: The Central Bank of Egypt (CBE) has sold euro-denominated treasury bills (T-bills) worth €626.4 million at an average yield of 4% in an auction on August 14th, according to the bank’s website.
The bank issued T-bills worth €600 billion with a tenor of 364 days, maturing on August 13th, 2024.
After the issuance, the bank received 25 bids from investors at a value of €806.4 million.