Foreigners eat up EGP 46.5 bn in T-Bills

Foreign holdings in Egyptian debt rose by EGP 46.5 bn in August to a total of EGP 277.3 bn since the EGP float last November,according to Al Borsa, which cites central bank data. Foreigners had snapped up EGP 61.5 bn of T-Bills in July, so demand has slowed down on a m-o-m basis.