Egypt Treasury bills · auction of 4 February 2003
Egypt T-bill auction, 4 February 2003: 182-day at 8.57%, up 326 bps
At the Treasury bill auction dated 4 February 2003, the Central Bank of Egypt cleared the 182-day bill at 8.57% (up 326 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 1.2bn against EGP 1.0bn on offer, 119% of the amount sought, and EGP 1.0bn was accepted.
At 8.57%, the 182-day rate is the highest in the 24 auctions of the past year.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 4,284 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 104,284 after 6 months: EGP 4,284 in interest before any withholding tax, about EGP 714 a month.
That is EGP 1,630 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 |
|---|---|---|---|---|---|
| 182-day | 8.568% | 5.307% | EGP 1.00bn | EGP 1.19bn | EGP 1.00bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 4 February 2003, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2003-02-04
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