Egypt Treasury bills · auction of 8 May 2003
Egypt T-bill auction, 8 May 2003: 91-day at 12.54%, up 25 bps
At the Treasury bill auction dated 8 May 2003, the Central Bank of Egypt cleared the 91-day bill at 12.54% (up 25 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was undersubscribed: bids totalled EGP 1.9bn against EGP 1.9bn on offer, 97% of the amount sought, and EGP 1.9bn was accepted.
Over the past year the 91-day rate has ranged from 4.60% to 13.59%.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 3,135 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 103,135 after 3 months: EGP 3,135 in interest before any withholding tax, about EGP 1,045 a month.
That is EGP 63 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 | 12.539% | 12.288% | EGP 1.90bn | EGP 1.85bn | EGP 1.85bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 8 May 2003, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2003-05-08
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