Egypt Treasury bills · auction of 24 October 2002
Egypt T-bill auction, 24 October 2002: 91-day at 6.59%, down 9 bps
At the Treasury bill auction dated 24 October 2002, the Central Bank of Egypt cleared the 91-day bill at 6.59% (down 9 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 2.1bn against EGP 800m on offer, 265% of the amount sought, and EGP 800m was accepted.
At 6.59%, the 91-day rate is the lowest in the 16 auctions of the past year.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 1,648 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 101,648 after 3 months: EGP 1,648 in interest before any withholding tax, about EGP 549 a month.
That is EGP 23 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 | 6.593% | 6.686% | EGP 800m | EGP 2.12bn | EGP 800m |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 24 October 2002, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2002-10-24
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