Egypt Treasury bills · auction of 8 April 2003
Egypt T-bill auction, 8 April 2003: 182-day at 12.96%, down 138 bps
At the Treasury bill auction dated 8 April 2003, the Central Bank of Egypt cleared the 182-day bill at 12.96% (down 138 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 2.4bn against EGP 1.0bn on offer, 237% of the amount sought, and EGP 1.1bn was accepted.
Over the past year the 182-day rate has ranged from 5.24% to 14.35%.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 6,482 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 106,482 after 6 months: EGP 6,482 in interest before any withholding tax, about EGP 1,080 a month.
That is EGP 691 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 | 12.964% | 14.346% | EGP 1.00bn | EGP 2.37bn | EGP 1.08bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 8 April 2003, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2003-04-08
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