Egypt Treasury bills · auction of 6 April 2004
Egypt T-bill auction, 6 April 2004: 364-day at 10.47%
At the Treasury bill auction dated 6 April 2004, the Central Bank of Egypt cleared the 91-day bill at 8.50% (up 60 basis points), the 182-day bill at 9.20% (up 50 basis points) and the 364-day bill at 10.47%. The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 6.3bn against EGP 6.1bn on offer, 104% of the amount sought, and EGP 4.0bn was accepted.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 10,470 in 12 months on the 364-day bill
Put EGP 100,000 into the 364-day bill at this auction and you get back EGP 110,470 after 12 months: EGP 10,470 in interest before any withholding tax, about EGP 873 a month.
For shorter money: EGP 4,598 on the 182-day bill (6 months), EGP 2,124 on the 91-day bill (3 months).
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 | 8.497% | 7.892% | EGP 2.00bn | EGP 2.22bn | EGP 2.00bn |
| 182-day | 9.196% | 8.695% | EGP 3.10bn | EGP 2.01bn | EGP 1.00bn |
| 364-day | 10.470% | — | EGP 1.00bn | EGP 2.10bn | EGP 1.00bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 6 April 2004, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2004-04-06
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