Egypt Treasury bills · auction of 13 September 2011
Egypt T-bill auction, 13 September 2011: 364-day at 13.60%, up 52 bps
At the Treasury bill auction dated 13 September 2011, the Central Bank of Egypt cleared the 182-day bill at 12.95% (up 31 basis points) and the 364-day bill at 13.60% (up 52 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 7.7bn against EGP 6.0bn on offer, 128% of the amount sought, and EGP 6.0bn was accepted.
At 13.60%, the 364-day rate is the highest in the 44 auctions of the past year.
A year earlier the 364-day bill cleared at 10.55%, so the government is paying 305 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,600 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 113,600 after 12 months: EGP 13,600 in interest before any withholding tax, about EGP 1,133 a month.
That is EGP 522 more than the same money would have earned at the previous auction.
For shorter money: EGP 6,476 on the 182-day bill (6 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 |
|---|---|---|---|---|---|
| 182-day | 12.952% | 12.639% | EGP 2.50bn | EGP 3.11bn | EGP 2.50bn |
| 364-day | 13.600% | 13.078% | EGP 3.50bn | EGP 4.57bn | 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, 13 September 2011, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2011-09-13
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