Egypt Treasury bills · auction of 17 December 2002
Egypt T-bill auction, 17 December 2002: 182-day at 6.45%, down 26 bps
At the Treasury bill auction dated 17 December 2002, the Central Bank of Egypt cleared the 182-day bill at 6.45% (down 26 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 3.5bn against EGP 1.1bn on offer, 321% of the amount sought, and EGP 1.1bn was accepted.
At 6.45%, the 182-day rate is the lowest in the 20 auctions of the past year.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 3,224 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 103,224 after 6 months: EGP 3,224 in interest before any withholding tax, about EGP 537 a month.
That is EGP 130 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 |
|---|---|---|---|---|---|
| 182-day | 6.448% | 6.707% | EGP 1.10bn | EGP 3.53bn | EGP 1.10bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 17 December 2002, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2002-12-17
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