{"id":622468,"date":"2018-10-02T04:15:03","date_gmt":"2018-10-02T04:15:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/"},"modified":"2018-10-02T04:15:03","modified_gmt":"2018-10-02T04:15:03","slug":"egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/","title":{"rendered":"Egypt sells T-bonds worth EGP 904 mn after four canceled auctions"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Egypt sells north of EGP 900 mn in T-bonds after four canceled auctions:<\/strong> Egypt sold three- and seven-year treasury bonds worth EGP 903.8 mn yesterday after canceling four auctions in September due to high yields, <a href=\"http:\/\/www.cbe.org.eg\/en\/Auctions\/Pages\/AuctionsEGPTBonds.aspx\">according to CBE data<\/a>. Yields on the three-year T-bonds were at 18.432%, while seven-year bonds carried yields of 18.431%. \u201cThe bank sold EGP 750 mn of three-year bonds, the same amount it was seeking. It sold EGP 153 mn of seven-year bonds, well under the EGP 500 mn worth it had sought,\u201d <a href=\"https:\/\/af.reuters.com\/article\/egyptNews\/idAFL8N1WH3Z7\">Reuters notes<\/a>. Finance Minister Mohamed Maait had previously said that Egypt would not accept yields beyond \u201clogical limits\u201d and <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/26\/well-call-off-bond-sales-until-yields-stabilize-maait\/\">noted last week<\/a> that bond sales would continue to be called off if yields remained high.<\/p>\n<p><strong>Eurobond issuance in turbulent conditions indicates \u201curgent\u201d financing needs:<\/strong> Declining appetite for EGP-denominated debt is pushing Egypt to look at the foreign debt market, but the timing of the Finance Ministry\u2019s planned USD 5 bn eurobond issuance in \u201cunfavourable conditions\u201d could spell trouble for Egypt\u2019s \u201cdeficit-cutting ambitions,\u201d writes our friend Patrick Werr for <a href=\"https:\/\/uk.reuters.com\/article\/us-egypt-economy-analysis\/egypt-faces-borrowing-crunch-as-foreign-debt-market-sours-idUKKCN1MB3LJ\">Reuters<\/a>. Resorting to an issuance in these conditions indicates that Egypt\u2019s funding needs are \u201curgent,\u201d a Cairo-based banker tells the newswire. A senior government source <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/27\/dont-expect-samurai-or-panda-bonds-until-2019\/\">had told Enterprise last week<\/a> that the issuance could go to market in the coming months, with a roadshow in Asian markets and Europe slated to kick off next week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt sells north of EGP 900 mn in T-bonds after four canceled auctions: Egypt sold three- and seven-year treasury bonds worth EGP 903.8 mn yesterday after canceling four auctions in September due to high yields, according to CBE data. Yields on the three-year T-bonds were at 18.432%, while seven-year bonds carried yields of 18.431%. \u201cThe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622468","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4b27519d-a59a-4a7b-a19e-c8bb9d588e58","order":"0","is_powered_by":true,"section_story_id":"95af63c0-86fd-47d9-8f0f-c40547f0ec2f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622458],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt sells T-bonds worth EGP 904 mn after four canceled auctions - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt sells T-bonds worth EGP 904 mn after four canceled auctions\" \/>\n<meta property=\"og:description\" content=\"Egypt sells north of EGP 900 mn in T-bonds after four canceled auctions: Egypt sold three- and seven-year treasury bonds worth EGP 903.8 mn yesterday after canceling four auctions in September due to high yields, according to CBE data. Yields on the three-year T-bonds were at 18.432%, while seven-year bonds carried yields of 18.431%. \u201cThe [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-02T04:15:03+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt sells T-bonds worth EGP 904 mn after four canceled auctions\",\"datePublished\":\"2018-10-02T04:15:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/\"},\"wordCount\":235,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/\",\"name\":\"Egypt sells T-bonds worth EGP 904 mn after four canceled auctions - 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Yields on the three-year T-bonds were at 18.432%, while seven-year bonds carried yields of 18.431%. \u201cThe [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-10-02T04:15:03+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt sells T-bonds worth EGP 904 mn after four canceled auctions","datePublished":"2018-10-02T04:15:03+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/"},"wordCount":235,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/","name":"Egypt sells T-bonds worth EGP 904 mn after four canceled auctions - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-10-02T04:15:03+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/egypt-sells-t-bonds-worth-egp-904-mn-after-four-canceled-auctions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt sells T-bonds worth EGP 904 mn after four canceled auctions"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":593140,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/19\/central-bank-of-egypt-sells-usd-1-56-bn-in-1-year-usd-t-bills\/","url_meta":{"origin":622468,"position":0},"title":"Central Bank of Egypt sells USD 1.56 bn in 1-year USD T-Bills","author":"enterpriseam admin","date":"19 November 2019","format":false,"excerpt":"CBE sells USD 1.56 bn in 1-year USD T-Bills: The Central Bank of Egypt (CBE) sold yesterday USD 1.56 bn in 1-year USD-denominated T-bills, official CBE data shows. The bills carry an average yield of 3.587%, falling slightly from 3.87% in the last similar auction in June, which saw Egypt\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569651,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/03\/egyptian-stocks-hold-steady-following-sundays-rout\/","url_meta":{"origin":622468,"position":1},"title":"Egyptian stocks hold steady following Sunday\u2019s rout","author":"enterpriseam admin","date":"3 March 2020","format":false,"excerpt":"Egyptian stocks hold steady following Sunday\u2019s rout: Egyptian equities stabilized yesterday as global markets rebounded from last week\u2019s sell-off on hopes that central banks around the world will launch coordinated stimulus to mitigate against the economic fallout of the covid-19 virus. The EGX30 closed 0.55% in the green, led by\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/36.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622120,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/27\/egypt-sells-egp-1-25-bn-worth-of-t-bonds\/","url_meta":{"origin":622468,"position":2},"title":"Egypt sells EGP 1.25 bn worth of T-bonds","author":"enterpriseam admin","date":"27 November 2018","format":false,"excerpt":"The central bank sold EGP 1.25 bn-worth of treasury bonds on Monday, Finance Ministry data shows. Yields on the three-year T-bonds worth EGP 750 mn averaged 18.14%, while yields on seven-year T-bonds worth EGP 500 mn averaged 18%. Egypt had issued last week USD 2.57 bn-worth of treasury bonds in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622920,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/16\/egypt-sells-egp-1-25-bn-in-t-bonds-at-slightly-lower-yields-than-last-week\/","url_meta":{"origin":622468,"position":3},"title":"Egypt sells EGP 1.25 bn in T-bonds at slightly lower yields than last week","author":"enterpriseam admin","date":"16 October 2018","format":false,"excerpt":"Yields eased as Egypt sold EGP 1.25 bn worth of treasury bonds yesterday, central bank data showed. Yields on both three- and seven-year T-bonds averaged 18.3%. Last week, Egypt had sold five- and ten-year bonds at yields averaging 18.41% on shorter-term offerings and 18.37% on the longer term. Yields on\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570353,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/29\/central-bank-of-egypt-sells-more-t-bills-than-target-for-the-first-time-in-months\/","url_meta":{"origin":622468,"position":4},"title":"Central Bank of Egypt sells more t-bills than target for the first time in months","author":"enterpriseam admin","date":"29 March 2020","format":false,"excerpt":"CBE overshoots t-bill auction target for the first time in weeks: The Central Bank of Egypt sold EGP 25.96 bn of treasury bills in two auctions that sought to raise EGP 20 bn, according to the official data. The CBE sold EGP 12.42 bn of six-month bills in a EGP\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622646,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/09\/egypt-sells-t-bonds-as-maait-kicks-off-eurobond-roadshow-in-south-korea\/","url_meta":{"origin":622468,"position":5},"title":"Egypt sells T-bonds as Maait kicks off eurobond roadshow in South Korea","author":"enterpriseam admin","date":"9 October 2018","format":false,"excerpt":"** #3 Egypt sells t-bonds despite rise in yields: Egypt sold EGP 1.25 bn worth of five- and 10-year treasury bonds at auction yesterday despite a continued rise in yields, which averaged 18.41% on shorter-term offerings and 18.37% for the longer term, central bank data showed. Egypt had sold EGP\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/2549.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=622468"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622468\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622458"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622468"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622468"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}