Egypt Treasury bills · auction of 2 October 2003
Egypt T-bill auction, 2 October 2003: 91-day at 6.61%, down 77 bps
At the Treasury bill auction dated 2 October 2003, the Central Bank of Egypt cleared the 91-day bill at 6.61% (down 77 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 6.9bn against EGP 1.5bn on offer, 460% of the amount sought, and EGP 2.5bn was accepted.
Over the past year the 91-day rate has ranged from 4.60% to 13.59%.
A year earlier the 91-day bill cleared at 6.97%, so the government is paying 36 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 1,653 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 101,653 after 3 months: EGP 1,653 in interest before any withholding tax, about EGP 551 a month.
That is EGP 193 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 |
|---|---|---|---|---|---|
| 91-day | 6.612% | 7.382% | EGP 1.50bn | EGP 6.91bn | EGP 2.52bn |
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, 2 October 2003, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2003-10-02
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.