Egypt Treasury bills · auction of 9 August 2005
Egypt T-bill auction, 9 August 2005: 364-day at 9.90%, up 50 bps
At the Treasury bill auction dated 9 August 2005, the Central Bank of Egypt cleared the 182-day bill at 9.76% (down 1 basis point) and the 364-day bill at 9.90% (up 50 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 7.7bn against EGP 2.7bn on offer, 285% of the amount sought, and EGP 2.7bn was accepted.
Over the past year the 364-day rate has ranged from 8.17% to 12.39%.
A year earlier the 364-day bill cleared at 12.33%, so the government is paying 243 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 9,896 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 109,896 after 12 months: EGP 9,896 in interest before any withholding tax, about EGP 825 a month.
That is EGP 503 more than the same money would have earned at the previous auction.
For shorter money: EGP 4,880 on the 182-day bill (6 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 |
|---|---|---|---|---|---|
| 182-day | 9.760% | 9.769% | EGP 1.50bn | EGP 4.00bn | EGP 1.50bn |
| 364-day | 9.896% | 9.393% | EGP 1.20bn | EGP 3.69bn | EGP 1.20bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 9 August 2005, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2005-08-09
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