Egypt Treasury bills · auction of 24 February 2009
Egypt T-bill auction, 24 February 2009: 91-day at 10.51%, down 28 bps
At the Treasury bill auction dated 24 February 2009, the Central Bank of Egypt cleared the 91-day bill at 10.51% (down 28 basis points) and the 182-day bill at 10.60% (down 45 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 5.0bn against EGP 3.0bn on offer, 168% of the amount sought, and EGP 3.0bn was accepted.
Over the past year the 91-day rate has ranged from 4.91% to 14.03%.
A year earlier the 91-day bill cleared at 5.84%, so the government is paying 467 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 5,301 in 6 months on the 182-day bill
Put EGP 100,000 into the 182-day bill at this auction and you get back EGP 105,301 after 6 months: EGP 5,301 in interest before any withholding tax, about EGP 884 a month.
That is EGP 227 less than the same money would have earned at the previous auction.
For shorter money: EGP 2,628 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 | 10.511% | 10.792% | EGP 1.00bn | EGP 1.69bn | EGP 1.00bn |
| 182-day | 10.602% | 11.056% | EGP 2.00bn | EGP 3.36bn | 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, 24 February 2009, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2009-02-24
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