Egypt Treasury bills · auction of 6 March 2003
Egypt T-bill auction, 6 March 2003: 91-day at 9.30%, up 180 bps
At the Treasury bill auction dated 6 March 2003, the Central Bank of Egypt cleared the 91-day bill at 9.30% (up 180 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was undersubscribed: bids totalled EGP 860m against EGP 1.0bn on offer, 86% of the amount sought, and EGP 860m was accepted.
At 9.30%, the 91-day rate is the highest in the 32 auctions of the past year.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 2,325 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 102,325 after 3 months: EGP 2,325 in interest before any withholding tax, about EGP 775 a month.
That is EGP 449 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 | 9.300% | 7.503% | EGP 1.00bn | EGP 860m | EGP 860m |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 6 March 2003, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2003-03-06
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