The Finance Ministry auctioned on Monday treasury bonds at a total value of EGP 500 million.

In an online statement, the ministry said it sold EGP 250 million of 5-year bonds (maturing on August 16, 2021). The average yield was 16.814 percent, it said, adding it accepted bids at rates between 16.8% and 16.83%.

It also sold EGP 250 million of 10-year bonds (maturing on July 5, 2026) that had a coupon of 16.952%. The yield ranged from 16.7% to 17.02%.

The Central Bank of Egypt auctions T-bonds on behalf of the Finance Ministry.