Egypt Treasury bills · auction of 22 July 2003
Egypt T-bill auction, 22 July 2003: 182-day at 9.97%, down 18 bps
At the Treasury bill auction dated 22 July 2003, the Central Bank of Egypt cleared the 182-day bill at 9.97% (down 18 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 2.5bn against EGP 1.0bn on offer, 245% of the amount sought, and EGP 1.0bn was accepted.
Over the past year the 182-day rate has ranged from 5.24% to 14.35%.
A year earlier the 182-day bill cleared at 7.63%, so the government is paying 234 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 4,985 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 104,985 after 6 months: EGP 4,985 in interest before any withholding tax, about EGP 831 a month.
That is EGP 88 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 | 9.969% | 10.144% | EGP 1.00bn | EGP 2.45bn | EGP 1.00bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Central Bank of Egypt” and a link to this page.
Afronomics (2026). Egypt Treasury bill auction, 22 July 2003, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2003-07-22
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.