Egypt Treasury bills · auction of 28 October 2008
Egypt T-bill auction, 28 October 2008: 364-day at 13.21%, down 69 bps
At the Treasury bill auction dated 28 October 2008, the Central Bank of Egypt cleared the 91-day bill at 12.76% (down 10 basis points), the 182-day bill at 13.31% (up 17 basis points) and the 364-day bill at 13.21% (down 69 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 12.4bn against EGP 6.0bn on offer, 206% of the amount sought, and EGP 6.0bn was accepted.
Over the past year the 364-day rate has ranged from 5.62% to 14.80%.
A year earlier the 364-day bill cleared at 7.76%, so the government is paying 545 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,211 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 113,211 after 12 months: EGP 13,211 in interest before any withholding tax, about EGP 1,101 a month.
That is EGP 688 less than the same money would have earned at the previous auction.
For shorter money: EGP 6,654 on the 182-day bill (6 months), EGP 3,191 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 | 12.762% | 12.858% | EGP 1.50bn | EGP 2.43bn | EGP 1.50bn |
| 182-day | 13.308% | 13.137% | EGP 2.00bn | EGP 3.03bn | EGP 2.00bn |
| 364-day | 13.211% | 13.899% | EGP 2.50bn | EGP 6.91bn | EGP 2.50bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 28 October 2008, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2008-10-28
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