Egypt Treasury bills · auction of 20 December 2011
Egypt T-bill auction, 20 December 2011: 364-day at 15.23%, up 3 bps
At the Treasury bill auction dated 20 December 2011, the Central Bank of Egypt cleared the 91-day bill at 13.95% (down 11 basis points), the 182-day bill at 14.62% (down 9 basis points) and the 364-day bill at 15.23% (up 3 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 15.2bn against EGP 8.0bn on offer, 190% of the amount sought, and EGP 7.9bn was accepted.
At 15.23%, the 364-day rate is the highest in the 46 auctions of the past year.
A year earlier the 364-day bill cleared at 10.50%, so the government is paying 472 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 15,226 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 115,226 after 12 months: EGP 15,226 in interest before any withholding tax, about EGP 1,269 a month.
That is EGP 33 more than the same money would have earned at the previous auction.
For shorter money: EGP 7,309 on the 182-day bill (6 months), EGP 3,487 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 | 13.950% | 14.057% | EGP 2.00bn | EGP 5.27bn | EGP 2.00bn |
| 182-day | 14.619% | 14.704% | EGP 2.50bn | EGP 4.55bn | EGP 2.50bn |
| 364-day | 15.226% | 15.193% | EGP 3.50bn | EGP 5.34bn | EGP 3.38bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 20 December 2011, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2011-12-20
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