Egypt Treasury bills · auction of 8 May 2012
Egypt T-bill auction, 8 May 2012: 364-day at 15.75%, up 15 bps
At the Treasury bill auction dated 8 May 2012, the Central Bank of Egypt cleared the 91-day bill at 14.16% (up 22 basis points), the 182-day bill at 15.01% (up 11 basis points) and the 364-day bill at 15.75% (up 15 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 4.0bn was accepted.
Over the past year the 364-day rate has ranged from 12.78% to 15.97%.
A year earlier the 364-day bill cleared at 12.82%, so the government is paying 293 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 15,748 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 115,748 after 12 months: EGP 15,748 in interest before any withholding tax, about EGP 1,312 a month.
That is EGP 146 more than the same money would have earned at the previous auction.
For shorter money: EGP 7,504 on the 182-day bill (6 months), EGP 3,540 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 | 14.161% | 13.938% | EGP 1.00bn | EGP 1.36bn | EGP 1.00bn |
| 182-day | 15.007% | 14.895% | EGP 2.00bn | EGP 2.29bn | EGP 1.00bn |
| 364-day | 15.748% | 15.602% | EGP 3.00bn | EGP 4.02bn | 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, 8 May 2012, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2012-05-08
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