Egypt Treasury bills · auction of 8 January 2004
Egypt T-bill auction, 8 January 2004: 91-day at 6.77%, up 4 bps
At the Treasury bill auction dated 8 January 2004, the Central Bank of Egypt cleared the 91-day bill at 6.77% (up 4 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 3.6bn against EGP 2.0bn on offer, 179% of the amount sought, and EGP 2.0bn 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 5.53%, so the government is paying 124 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 1,692 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 101,692 after 3 months: EGP 1,692 in interest before any withholding tax, about EGP 564 a month.
That is EGP 10 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 | 6.768% | 6.729% | EGP 2.00bn | EGP 3.57bn | EGP 2.00bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 8 January 2004, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2004-01-08
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