Egypt Treasury bills · auction of 19 April 2005
Egypt T-bill auction, 19 April 2005: 91-day at 10.19%, up 5 bps
At the Treasury bill auction dated 19 April 2005, the Central Bank of Egypt cleared the 91-day bill at 10.19% (up 5 basis points) and the 182-day bill at 10.47% (down 10 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 4.3bn against EGP 1.5bn on offer, 290% of the amount sought, and EGP 1.5bn was accepted.
Over the past year the 91-day rate has ranged from 9.89% to 11.28%.
A year earlier the 91-day bill cleared at 9.49%, so the government is paying 70 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 5,237 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 105,237 after 6 months: EGP 5,237 in interest before any withholding tax, about EGP 873 a month.
That is EGP 52 less than the same money would have earned at the previous auction.
For shorter money: EGP 2,547 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 | 10.190% | 10.137% | EGP 750m | EGP 1.77bn | EGP 750m |
| 182-day | 10.473% | 10.576% | EGP 750m | EGP 2.57bn | EGP 750m |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 19 April 2005, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2005-04-19
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