Egypt Treasury bills · auction of 31 August 2004
Egypt T-bill auction, 31 August 2004: 364-day at 12.21%, down 18 bps
At the Treasury bill auction dated 31 August 2004, the Central Bank of Egypt cleared the 91-day bill at 10.93% (down 12 basis points), the 182-day bill at 11.40% (down 18 basis points) and the 364-day bill at 12.21% (down 18 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 10.8bn against EGP 4.5bn on offer, 239% of the amount sought, and EGP 4.5bn was accepted.
Over the past year the 364-day rate has ranged from 10.47% to 12.39%.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 12,207 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 112,207 after 12 months: EGP 12,207 in interest before any withholding tax, about EGP 1,017 a month.
That is EGP 182 less than the same money would have earned at the previous auction.
For shorter money: EGP 5,703 on the 182-day bill (6 months), EGP 2,732 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 | 10.926% | 11.043% | EGP 1.00bn | EGP 2.43bn | EGP 1.00bn |
| 182-day | 11.405% | 11.589% | EGP 2.00bn | EGP 4.56bn | EGP 2.00bn |
| 364-day | 12.207% | 12.389% | EGP 1.50bn | EGP 3.79bn | EGP 1.50bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 31 August 2004, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2004-08-31
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