Egypt Treasury bills · auction of 12 October 2004
Egypt T-bill auction, 12 October 2004: 91-day at 10.92%, up 19 bps
At the Treasury bill auction dated 12 October 2004, the Central Bank of Egypt cleared the 91-day bill at 10.92% (up 19 basis points) and the 182-day bill at 11.41% (up 37 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 5.8bn against EGP 3.9bn on offer, 148% of the amount sought, and EGP 3.9bn was accepted.
Over the past year the 91-day rate has ranged from 6.73% to 11.28%.
A year earlier the 91-day bill cleared at 6.86%, so the government is paying 407 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 5,707 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 105,708 after 6 months: EGP 5,707 in interest before any withholding tax, about EGP 951 a month.
That is EGP 186 more than the same money would have earned at the previous auction.
For shorter money: EGP 2,731 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 | 10.924% | 10.730% | EGP 1.90bn | EGP 3.11bn | EGP 1.90bn |
| 182-day | 11.415% | 11.043% | EGP 2.00bn | EGP 2.66bn | 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, 12 October 2004, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2004-10-12
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