Egypt Treasury bills · auction of 19 September 2002
Egypt T-bill auction, 19 September 2002: 91-day at 7.11%, down 2 bps
At the Treasury bill auction dated 19 September 2002, the Central Bank of Egypt cleared the 91-day bill at 7.11% (down 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 2.6bn against EGP 900m on offer, 287% of the amount sought, and EGP 907m was accepted.
At 7.11%, the 91-day rate is the lowest in the 12 auctions of the past year.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 1,778 in 3 months on the 91-day bill
Put EGP 100,000 into the 91-day bill at this auction and you get back EGP 101,778 after 3 months: EGP 1,778 in interest before any withholding tax, about EGP 593 a month.
That is EGP 4 less than the same money would have earned at the previous auction.
The government pays the full amount at maturity; the risk is Egypt’s government not paying, and the money is locked until then.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 91-day | 7.113% | 7.130% | EGP 900m | EGP 2.58bn | EGP 907m |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 19 September 2002, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2002-09-19
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