Egypt plans new $1.1-billion bill sale

Egypt plans to sell 6.5 billion Egyptian pounds ($1.1 billion) of treasury bills today, the first auction after the resignation of President Hosni Mubarak.

The Ministry of Finance will offer 3 billion pounds of 91-day bills and 3.5 billion pounds of 266-day notes. The government raised 3.5 billion pounds from the sale of 182-day bills on February 10.