Egypt Treasury bills · auction of 16 November 2004
Egypt T-bill auction, 16 November 2004: 364-day at 11.51%, down 54 bps
At the Treasury bill auction dated 16 November 2004, the Central Bank of Egypt cleared the 364-day bill at 11.51% (down 54 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 2.5bn against EGP 500m on offer, 505% of the amount sought, and EGP 500m 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 11,510 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 111,510 after 12 months: EGP 11,510 in interest before any withholding tax, about EGP 959 a month.
That is EGP 540 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 |
|---|---|---|---|---|---|
| 364-day | 11.510% | 12.050% | EGP 500m | EGP 2.52bn | EGP 500m |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 16 November 2004, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2004-11-16
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