Egypt Treasury bills · auction of 15 November 2016
Egypt T-bill auction, 15 November 2016: 364-day at 18.90%, up 206 bps
At the Treasury bill auction dated 15 November 2016, the Central Bank of Egypt cleared the 91-day bill at 18.03% (up 343 basis points), the 182-day bill at 18.47% (up 239 basis points) and the 364-day bill at 18.90% (up 206 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 50.3bn against EGP 17.5bn on offer, 288% of the amount sought, and EGP 19.6bn was accepted.
At 18.90%, the 364-day rate is the highest in the 33 auctions of the past year.
A year earlier the 364-day bill cleared at 11.94%, so the government is paying 696 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,903 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 118,903 after 12 months: EGP 18,903 in interest before any withholding tax, about EGP 1,575 a month.
That is EGP 2,061 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,235 on the 182-day bill (6 months), EGP 4,507 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 | 18.028% | 14.594% | EGP 6.00bn | EGP 12.98bn | EGP 6.00bn |
| 182-day | 18.469% | 16.075% | EGP 5.50bn | EGP 11.16bn | EGP 6.36bn |
| 364-day | 18.903% | 16.842% | EGP 6.00bn | EGP 26.21bn | EGP 7.23bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 15 November 2016, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2016-11-15
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