Egypt Treasury bills · auction of 4 November 2003
Egypt T-bill auction, 4 November 2003: 182-day at 7.30%, up 6 bps
At the Treasury bill auction dated 4 November 2003, the Central Bank of Egypt cleared the 182-day bill at 7.30% (up 6 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 2.1bn against EGP 2.0bn on offer, 103% of the amount sought, and EGP 1.5bn 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 7.12%, so the government is paying 18 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 3,652 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 103,652 after 6 months: EGP 3,652 in interest before any withholding tax, about EGP 609 a month.
That is EGP 28 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 |
|---|---|---|---|---|---|
| 182-day | 7.303% | 7.247% | EGP 2.00bn | EGP 2.06bn | EGP 1.52bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 4 November 2003, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2003-11-04
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