February 11, 2019 / 12:55 PM / 6 months ago

UPDATE 1-Egypt sells $1.014 billion in one-year dollar T-bills - central bank

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Feb 11 (Reuters) - Egypt sold $1.014 billion worth of one-year dollar-denominated treasury bills at an average yield of 3.797 percent on Monday, the central bank said.

The auction will be settled on Tuesday when dollar T-bills worth $1.075 billion are due to mature.

Egypt sold $854 million in dollar-denominated bills at an average yield of 3.797 percent in a similar auction on Jan. 6.

Officials say they are trying to diversify the country’s sources of foreign debt and lengthen its average maturity. (Reporting by Lena Masri Editing by Raissa Kasolowsky and Louise Heavens)

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