World News

Egypt sells $865 million in one-year T-bills at average yield of 3.54%

CAIRO (Reuters) – Egypt sold $865 million in one-year, dollar-denominated T-bills on Monday at an average yield of 3.54%, the central bank said.

The bills are due to be settled on Tuesday and mature on Jan. 5, 2021. T-bills worth $854.1 million and issued one year ago are due to mature on Tuesday.

(Reporting by Aidan Lewis; Editing by Patrick Werr)