Egypt Treasury bills · auction of 1 November 2016
Egypt T-bill auction, 1 November 2016: 364-day at 16.84%, up 34 bps
At the Treasury bill auction dated 1 November 2016, the Central Bank of Egypt cleared the 182-day bill at 16.07% (up 20 basis points) and the 364-day bill at 16.84% (up 34 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 12.6bn against EGP 12.0bn on offer, 105% of the amount sought, and EGP 12.2bn was accepted.
At 16.84%, the 364-day rate is the highest in the 32 auctions of the past year.
A year earlier the 364-day bill cleared at 11.94%, so the government is paying 490 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 16,842 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 116,842 after 12 months: EGP 16,842 in interest before any withholding tax, about EGP 1,404 a month.
That is EGP 339 more than the same money would have earned at the previous auction.
For shorter money: EGP 8,038 on the 182-day bill (6 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 |
|---|---|---|---|---|---|
| 182-day | 16.075% | 15.873% | EGP 5.50bn | EGP 6.00bn | EGP 5.61bn |
| 364-day | 16.842% | 16.503% | EGP 6.50bn | EGP 6.59bn | EGP 6.59bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 1 November 2016, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2016-11-01
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