Egypt Treasury bills · auction of 12 August 2008
Egypt T-bill auction, 12 August 2008: 364-day at 11.96%, up 4 bps
At the Treasury bill auction dated 12 August 2008, the Central Bank of Egypt cleared the 91-day bill at 11.34% (up 47 basis points), the 182-day bill at 12.11% (up 39 basis points) and the 364-day bill at 11.96% (up 4 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 13.6bn against EGP 6.5bn on offer, 210% of the amount sought, and EGP 6.5bn was accepted.
At 11.96%, the 364-day rate is the highest in the 50 auctions of the past year.
A year earlier the 364-day bill cleared at 7.92%, so the government is paying 404 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 11,961 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 111,961 after 12 months: EGP 11,961 in interest before any withholding tax, about EGP 997 a month.
That is EGP 42 more than the same money would have earned at the previous auction.
For shorter money: EGP 6,054 on the 182-day bill (6 months), EGP 2,836 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 | 11.343% | 10.877% | EGP 2.00bn | EGP 3.86bn | EGP 2.00bn |
| 182-day | 12.107% | 11.712% | EGP 2.50bn | EGP 4.73bn | EGP 2.50bn |
| 364-day | 11.961% | 11.919% | EGP 2.00bn | EGP 5.05bn | 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, 12 August 2008, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2008-08-12
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