Egypt Treasury bills · auction of 16 December 2008
Egypt T-bill auction, 16 December 2008: 364-day at 11.66%, down 9 bps
At the Treasury bill auction dated 16 December 2008, the Central Bank of Egypt cleared the 91-day bill at 11.54% (down 16 basis points), the 182-day bill at 11.63% (down 13 basis points) and the 364-day bill at 11.66% (down 9 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 11.6bn against EGP 5.5bn on offer, 211% of the amount sought, and EGP 5.5bn 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 7.57%, so the government is paying 409 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 11,662 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 111,662 after 12 months: EGP 11,662 in interest before any withholding tax, about EGP 972 a month.
That is EGP 87 less than the same money would have earned at the previous auction.
For shorter money: EGP 5,818 on the 182-day bill (6 months), EGP 2,886 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 | 11.542% | 11.699% | EGP 1.00bn | EGP 2.37bn | EGP 1.00bn |
| 182-day | 11.635% | 11.763% | EGP 2.00bn | EGP 4.29bn | EGP 2.00bn |
| 364-day | 11.662% | 11.749% | EGP 2.50bn | EGP 4.93bn | 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, 16 December 2008, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2008-12-16
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