Egypt Treasury bills · auction of 31 October 2002
Egypt T-bill auction, 31 October 2002: 91-day at 6.62%, up 2 bps
At the Treasury bill auction dated 31 October 2002, the Central Bank of Egypt cleared the 91-day bill at 6.62% (up 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 2.6bn against EGP 1.2bn on offer, 221% of the amount sought, and EGP 1.2bn was accepted.
Over the past year the 91-day rate has ranged from 6.59% to 7.20%.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 1,654 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 101,654 after 3 months: EGP 1,654 in interest before any withholding tax, about EGP 551 a month.
That is EGP 6 more 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 | 6.617% | 6.593% | EGP 1.20bn | EGP 2.65bn | EGP 1.20bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 31 October 2002, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2002-10-31
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