Egypt CBank offers $1.1B in Treasury bills
The Associated Press, Cairo | Sun, 02/13/2011 5:26 PM
Egypt's central bank is offering 6.5 billion pounds
($1.1 billion) in Treasury bills, its first such auction since
President Hosni Mubarak ceded control of the country to the
military.
The central bank is offering on Sunday 3 billion pounds in
three-month bills and 3.5 billion in 266-day bills.
It had auctioned 3.5 billion pounds in T-bills on Thursday, days
after it sold 13 billion in bills to raise additional funds for the
country as it wrestled with its worst political crisis in three
decades.
Separately, the head of EgyptAir, the national carrier, said the
company had lost 80 percent of its forecast revenues over the past
three weeks after canceling 75 percent of its flights.
Hussein Masoud, however, did not provide a figure.
