Print
Email
Discuss this article ( Comments)
AUCTION CANCELLED: Egyptian central bank cancels bill auction. No reason given. (Getty Images)
Egypt's central bank has cancelled a 91-day treasury bill auction planned for March 24, it said on Sunday.
The bank auctions the instruments on behalf of Egypt's Finance Ministry, which was offering 91-day T-bills worth 1 billion Egyptian pounds ($177.64 million).
The central bank gave no reason for the cancellation.
The average yield on 91-day T-bills at the previous auction on March 15 was 10.518 percent.
Bills worth 4 billion pounds and 21.835 billion pounds in central bank deposits are due to mature on March 24. (Reuters)
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST BANKING & FINANCE
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST BANKING & FINANCE
LATEST MIDDLE EAST BUSINESS NEWS
- Banking & Finance: Islamic banks should target female market - report
- Travel & Hospitality: flydubai set to launch new flights to Nepal
- Real Estate: Dubai's Oct property sales value rises by 50% - official
- Politics & Economics: UAE considers allowing citizens to elect 50% of FNC
- Travel & Hospitality: Emirates brings forward Paris A380 plans
