Egypt raises treasury bonds worth 500 million pounds

The Egyptian Ministry of Finance said today that it will accept bids to cover bonds on the treasury for 91 days with a nominal value of 500 million Egyptian pounds.

In its statement today, the ministry said, "These bids are presented to banks, companies, insurance organizations and individuals," adding that they were issued on October 21 and are due on January 20.

The ministry specified next Wednesday as the deadline for accepting purchase requests available at the Egyptian Central Bank and the other working banks in Egypt.