Egypt Treasury bills · auction of 22 February 2011
Egypt T-bill auction, 22 February 2011: 364-day at 12.03%, up 145 bps
At the Treasury bill auction dated 22 February 2011, the Central Bank of Egypt cleared the 91-day bill at 10.94% (down 1 basis point), the 182-day bill at 11.73% (down 5 basis points) and the 364-day bill at 12.03% (up 145 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 10.2bn against EGP 6.5bn on offer, 157% of the amount sought, and EGP 6.5bn was accepted.
At 12.03%, the 364-day rate is the highest in the 39 auctions of the past year.
A year earlier the 364-day bill cleared at 10.91%, so the government is paying 112 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 12,033 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 112,033 after 12 months: EGP 12,033 in interest before any withholding tax, about EGP 1,003 a month.
That is EGP 1,446 more than the same money would have earned at the previous auction.
For shorter money: EGP 5,867 on the 182-day bill (6 months), EGP 2,735 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 | 10.941% | 10.949% | EGP 1.00bn | EGP 1.85bn | EGP 1.00bn |
| 182-day | 11.733% | 11.779% | EGP 2.00bn | EGP 3.69bn | EGP 2.00bn |
| 364-day | 12.033% | 10.587% | EGP 3.50bn | EGP 4.66bn | EGP 3.50bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 22 February 2011, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2011-02-22
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