Egypt Treasury bills · auction of 1 January 2008
Egypt T-bill auction, 1 January 2008: 364-day at 7.50%, up 11 bps
At the Treasury bill auction dated 1 January 2008, the Central Bank of Egypt cleared the 91-day bill at 6.80% (down 5 basis points), the 182-day bill at 7.13% (up 4 basis points) and the 364-day bill at 7.50% (up 11 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 7.6bn against EGP 4.0bn on offer, 190% of the amount sought, and EGP 4.0bn 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 250 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 7,496 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 107,496 after 12 months: EGP 7,496 in interest before any withholding tax, about EGP 625 a month.
That is EGP 108 more than the same money would have earned at the previous auction.
For shorter money: EGP 3,564 on the 182-day bill (6 months), EGP 1,701 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 | 6.804% | 6.852% | EGP 500m | EGP 1.65bn | EGP 500m |
| 182-day | 7.128% | 7.091% | EGP 1.50bn | EGP 2.09bn | EGP 1.50bn |
| 364-day | 7.496% | 7.388% | EGP 2.00bn | EGP 3.84bn | 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, 1 January 2008, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2008-01-01
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