Egypt Treasury bills · auction of 25 February 2014
Egypt T-bill auction, 25 February 2014: 364-day at 10.75%, down 3 bps
At the Treasury bill auction dated 25 February 2014, the Central Bank of Egypt cleared the 91-day bill at 10.15% (down 4 basis points), the 182-day bill at 10.55% (down 4 basis points) and the 364-day bill at 10.75% (down 3 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 19.3bn against EGP 8.0bn on offer, 241% of the amount sought, and EGP 8.0bn 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 14.00%, so the government is paying 325 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 10,754 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 110,754 after 12 months: EGP 10,754 in interest before any withholding tax, about EGP 896 a month.
That is EGP 32 less than the same money would have earned at the previous auction.
For shorter money: EGP 5,276 on the 182-day bill (6 months), EGP 2,538 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 | 10.151% | 10.195% | EGP 2.00bn | EGP 5.76bn | EGP 2.00bn |
| 182-day | 10.551% | 10.589% | EGP 2.50bn | EGP 5.51bn | EGP 2.50bn |
| 364-day | 10.754% | 10.786% | EGP 3.50bn | EGP 7.98bn | 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, 25 February 2014, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2014-02-25
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