Egypt Treasury bills · auction of 3 May 2011
Egypt T-bill auction, 3 May 2011: 364-day at 12.82%, up 3 bps
At the Treasury bill auction dated 3 May 2011, the Central Bank of Egypt cleared the 91-day bill at 11.45% (up 10 basis points), the 182-day bill at 12.44% (up 23 basis points) and the 364-day bill at 12.82% (up 3 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 10.9bn against EGP 7.5bn on offer, 146% of the amount sought, and EGP 5.9bn was accepted.
At 12.82%, the 364-day rate is the highest in the 42 auctions of the past year.
A year earlier the 364-day bill cleared at 10.31%, so the government is paying 251 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 12,821 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 112,821 after 12 months: EGP 12,821 in interest before any withholding tax, about EGP 1,068 a month.
That is EGP 34 more than the same money would have earned at the previous auction.
For shorter money: EGP 6,219 on the 182-day bill (6 months), EGP 2,861 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 | 11.445% | 11.348% | EGP 1.50bn | EGP 2.79bn | EGP 1.50bn |
| 182-day | 12.437% | 12.203% | EGP 2.50bn | EGP 3.93bn | EGP 2.50bn |
| 364-day | 12.821% | 12.787% | EGP 3.50bn | EGP 4.22bn | EGP 1.88bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 3 May 2011, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2011-05-03
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