Egypt Treasury bills · auction of 20 March 2003
Egypt T-bill auction, 20 March 2003: 91-day at 11.53%, up 150 bps
At the Treasury bill auction dated 20 March 2003, the Central Bank of Egypt cleared the 91-day bill at 11.53% (up 150 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 2.3bn against EGP 1.4bn on offer, 167% of the amount sought, and EGP 1.6bn was accepted.
At 11.53%, the 91-day rate is the highest in the 34 auctions of the past year.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 2,882 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 102,882 after 3 months: EGP 2,882 in interest before any withholding tax, about EGP 961 a month.
That is EGP 374 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 | 11.528% | 10.032% | EGP 1.40bn | EGP 2.34bn | EGP 1.60bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 20 March 2003, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2003-03-20
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