Egypt Treasury bills · auction of 17 July 2012
Egypt T-bill auction, 17 July 2012: 364-day at 15.82%, down 5 bps
At the Treasury bill auction dated 17 July 2012, the Central Bank of Egypt cleared the 91-day bill at 14.37% (down 13 basis points), the 182-day bill at 15.32% (down 10 basis points) and the 364-day bill at 15.82% (down 5 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 18.3bn against EGP 8.0bn on offer, 228% of the amount sought, and EGP 8.0bn 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 12.90%, so the government is paying 292 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 15,825 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 115,825 after 12 months: EGP 15,825 in interest before any withholding tax, about EGP 1,319 a month.
That is EGP 46 less than the same money would have earned at the previous auction.
For shorter money: EGP 7,662 on the 182-day bill (6 months), EGP 3,593 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 | 14.372% | 14.498% | EGP 2.50bn | EGP 5.48bn | EGP 2.50bn |
| 182-day | 15.324% | 15.421% | EGP 2.00bn | EGP 5.61bn | EGP 2.00bn |
| 364-day | 15.825% | 15.871% | EGP 3.50bn | EGP 7.17bn | 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, 17 July 2012, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2012-07-17
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