Egypt Treasury bills · auction of 19 August 2014
Egypt T-bill auction, 19 August 2014: 364-day at 12.11%, down 30 bps
At the Treasury bill auction dated 19 August 2014, the Central Bank of Egypt cleared the 91-day bill at 11.56% (down 14 basis points), the 182-day bill at 11.78% (down 34 basis points) and the 364-day bill at 12.11% (down 30 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 23.7bn against EGP 8.5bn on offer, 279% of the amount sought, and EGP 8.5bn was accepted.
Over the past year the 364-day rate has ranged from 10.54% to 12.92%.
A year earlier the 364-day bill cleared at 12.69%, so the government is paying 57 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 12,114 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 112,114 after 12 months: EGP 12,114 in interest before any withholding tax, about EGP 1,010 a month.
That is EGP 297 less than the same money would have earned at the previous auction.
For shorter money: EGP 5,891 on the 182-day bill (6 months), EGP 2,890 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 | 11.558% | 11.697% | EGP 2.50bn | EGP 5.56bn | EGP 2.50bn |
| 182-day | 11.783% | 12.123% | EGP 2.50bn | EGP 7.72bn | EGP 2.50bn |
| 364-day | 12.114% | 12.411% | EGP 3.50bn | EGP 10.43bn | 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, 19 August 2014, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2014-08-19
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