Egypt Treasury bills · auction of 4 December 2003
Egypt T-bill auction, 4 December 2003: 91-day at 7.12%, down 3 bps
At the Treasury bill auction dated 4 December 2003, the Central Bank of Egypt cleared the 91-day bill at 7.12% (down 3 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 4.0bn against EGP 1.5bn on offer, 265% of the amount sought, and EGP 3.0bn 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 6.17%, so the government is paying 95 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 1,779 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 101,779 after 3 months: EGP 1,779 in interest before any withholding tax, about EGP 593 a month.
That is EGP 6 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 | 7.116% | 7.141% | EGP 1.50bn | EGP 3.98bn | EGP 2.98bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 4 December 2003, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2003-12-04
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