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Foreign Contribution in Egypt's 3- and 7- Year T-Bond Sale at $30.5 Mln
Source: 7/10/2017

Foreign participation in Egypt's three-year and seven-year treasury bond sale reached 545 million Egyptian pounds ($30.53 million), the head of public debt at the Finance Ministry, Sami Khallaf.

Khallaf said the amount made up 31 percent of the total issuance. The foreign buy-in comes days after Egypt's central bank hiked key interest rates 200 basis points in a bid to clamp down on soaring inflation, a move that helped push up treasury bill rates.

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