Egypt Treasury bills · auction of 27 May 2008
Egypt T-bill auction, 27 May 2008: 364-day at 10.25%, up 13 bps
At the Treasury bill auction dated 27 May 2008, the Central Bank of Egypt cleared the 364-day bill at 10.25% (up 13 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 2.1bn against EGP 1.0bn on offer, 214% of the amount sought, and EGP 1.0bn was accepted.
At 10.25%, the 364-day rate is the highest in the 51 auctions of the past year.
A year earlier the 364-day bill cleared at 8.39%, so the government is paying 186 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 10,247 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 110,247 after 12 months: EGP 10,247 in interest before any withholding tax, about EGP 854 a month.
That is EGP 135 more than the same money would have earned at the previous auction.
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 |
|---|---|---|---|---|---|
| 364-day | 10.247% | 10.112% | EGP 1.00bn | EGP 2.14bn | 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, 27 May 2008, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2008-05-27
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