The central bank sold USD 1.7 bn-worth of one-year USD-denominated treasury bills on Monday at an average yield of 3.697%, it said on its website. Egypt also issued on Monday USD 2.57 bn-worth of treasury bonds in two tranches: A USD 860 mn series with a 2026 maturity at 7.12% and a USD 1.76 bn series maturing in 2028 at 7.62%. The issuance was a repurchase as part of a USD 3.8 bn “repo” agreement signed in October between the CBE and a consortium of 11 global banks.

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