Cairo — Egypt’s latest auction of one-year, dollar-denominated treasury bills pulled in $961 million, the central bank announced Monday, slightly below the $980.5 million in bills coming due.
The new bills carry an average yield of 3.75%, down from the 4.50% rate of the maturing notes, reflecting a notable softening in borrowing costs.
The sale marks the central bank’s ongoing effort to manage debt rollover while navigating global and local market conditions.
