On Monday, May 28, the Egyptian Finance Ministry offered 91-day Treasury bills valued at LE 400 million for auction on May 30. The issue is to take place the following day.
The new 91-day bills are to replace Treasury bills maturing on May 31 worth LE 413.4 million.
The average return on the 91-day bills at the previous auction that took place on May 23 was 9.081 percent. The exchange rate presently stands at 3.89 Egyptian pounds to the dollar. —(MENA Report)
© 2001 Mena Report (www.menareport.com)
