Egypt Treasury bills · auction of 21 January 2014
Egypt T-bill auction, 21 January 2014: 364-day at 10.81%, down 19 bps
At the Treasury bill auction dated 21 January 2014, the Central Bank of Egypt cleared the 91-day bill at 10.38% (up 4 basis points), the 182-day bill at 10.63% (down 19 basis points) and the 364-day bill at 10.81% (down 19 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 24.3bn against EGP 8.5bn on offer, 286% of the amount sought, and EGP 8.5bn was accepted.
Over the past year the 364-day rate has ranged from 10.54% to 15.41%.
A year earlier the 364-day bill cleared at 14.50%, so the government is paying 369 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 10,808 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 110,808 after 12 months: EGP 10,808 in interest before any withholding tax, about EGP 901 a month.
That is EGP 189 less than the same money would have earned at the previous auction.
For shorter money: EGP 5,313 on the 182-day bill (6 months), EGP 2,594 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 | 10.377% | 10.342% | EGP 2.00bn | EGP 4.25bn | EGP 2.00bn |
| 182-day | 10.625% | 10.813% | EGP 2.50bn | EGP 7.12bn | EGP 2.50bn |
| 364-day | 10.808% | 10.997% | EGP 4.00bn | EGP 12.91bn | EGP 4.00bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 21 January 2014, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2014-01-21
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