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Egypt Treasury bills · auction of 5 November 2002

Egypt T-bill auction, 5 November 2002: 182-day at 7.10%, down 2 bps

At the Treasury bill auction dated 5 November 2002, the Central Bank of Egypt cleared the 182-day bill at 7.10% (down 2 basis points). The rate shown is the weighted average yield of accepted bids.

Demand was strong: bids totalled EGP 3.2bn against EGP 1.5bn on offer, 214% of the amount sought, and EGP 1.5bn was accepted.

At 7.10%, the 182-day rate is the lowest in the 15 auctions of the past year.

What this means for EGP 100,000

Worked from the published rate · information, not advice

EGP 3,551 in 6 months on the 182-day bill

Put EGP 100,000 into the 182-day bill at this auction and you get back EGP 103,551 after 6 months: EGP 3,551 in interest before any withholding tax, about EGP 592 a month.

That is EGP 9 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

TenorRatePreviousOfferedBidsAccepted
182-day7.102%7.120%EGP 1.50bnEGP 3.21bnEGP 1.52bn

Source: Central Bank of Egypt result · weighted average yield of accepted bids

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Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Central Bank of Egypt” and a link to this page.

Afronomics (2026). Egypt Treasury bill auction, 5 November 2002, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2002-11-05

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