Egypt Treasury bills · auction of 13 March 2007
Egypt T-bill auction, 13 March 2007: 364-day at 8.85%, up 9 bps
At the Treasury bill auction dated 13 March 2007, the Central Bank of Egypt cleared the 91-day bill at 8.30% (down 8 basis points), the 182-day bill at 8.30% (down 10 basis points) and the 364-day bill at 8.85% (up 9 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 6.6bn against EGP 2.0bn on offer, 328% of the amount sought, and EGP 2.0bn was accepted.
Over the past year the 364-day rate has ranged from 8.49% to 10.21%.
A year earlier the 364-day bill cleared at 8.08%, so the government is paying 77 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 8,854 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 108,854 after 12 months: EGP 8,854 in interest before any withholding tax, about EGP 738 a month.
That is EGP 87 more than the same money would have earned at the previous auction.
For shorter money: EGP 4,152 on the 182-day bill (6 months), EGP 2,074 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 | 8.296% | 8.372% | EGP 500m | EGP 2.36bn | EGP 500m |
| 182-day | 8.304% | 8.401% | EGP 500m | EGP 1.91bn | EGP 500m |
| 364-day | 8.854% | 8.767% | EGP 1.00bn | EGP 2.30bn | EGP 1.00bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 13 March 2007, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2007-03-13
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