Egypt Treasury bills · auction of 31 January 2017
Egypt T-bill auction, 31 January 2017: 364-day at 20.00%, down 19 bps
At the Treasury bill auction dated 31 January 2017, the Central Bank of Egypt cleared the 91-day bill at 18.94% (down 2 basis points), the 182-day bill at 20.02% (down 9 basis points) and the 364-day bill at 20.00% (down 19 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 36.8bn against EGP 16.8bn on offer, 220% of the amount sought, and EGP 17.8bn was accepted.
Over the past year the 364-day rate has ranged from 12.13% to 20.19%.
A year earlier the 364-day bill cleared at 11.94%, so the government is paying 806 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 19,995 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 119,995 after 12 months: EGP 19,995 in interest before any withholding tax, about EGP 1,666 a month.
That is EGP 192 less than the same money would have earned at the previous auction.
For shorter money: EGP 10,008 on the 182-day bill (6 months), EGP 4,735 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 | 18.938% | 18.956% | EGP 5.75bn | EGP 9.53bn | EGP 5.75bn |
| 182-day | 20.015% | 20.109% | EGP 5.75bn | EGP 11.83bn | EGP 6.59bn |
| 364-day | 19.995% | 20.187% | EGP 5.25bn | EGP 15.41bn | EGP 5.45bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 31 January 2017, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2017-01-31
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