Egypt Treasury bills · auction of 18 December 2007
Egypt T-bill auction, 18 December 2007: 364-day at 7.44%, down 13 bps
At the Treasury bill auction dated 18 December 2007, the Central Bank of Egypt cleared the 91-day bill at 6.98% (down 15 basis points), the 182-day bill at 7.08% (down 12 basis points) and the 364-day bill at 7.44% (down 13 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 9.7bn against EGP 3.5bn on offer, 276% of the amount sought, and EGP 3.5bn was accepted.
Over the past year the 364-day rate has ranged from 6.82% to 10.21%.
A year earlier the 364-day bill cleared at 9.99%, so the government is paying 255 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 7,438 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 107,438 after 12 months: EGP 7,438 in interest before any withholding tax, about EGP 620 a month.
That is EGP 132 less than the same money would have earned at the previous auction.
For shorter money: EGP 3,541 on the 182-day bill (6 months), EGP 1,746 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 | 6.983% | 7.132% | EGP 500m | EGP 1.77bn | EGP 500m |
| 182-day | 7.082% | 7.205% | EGP 1.00bn | EGP 2.14bn | EGP 1.00bn |
| 364-day | 7.438% | 7.570% | EGP 2.00bn | EGP 5.76bn | 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, 18 December 2007, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2007-12-18
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