Egypt Treasury bills · auction of 14 March 2017
Egypt T-bill auction, 14 March 2017: 364-day at 18.55%, down 137 bps
At the Treasury bill auction dated 14 March 2017, the Central Bank of Egypt cleared the 91-day bill at 19.39% (down 32 basis points), the 182-day bill at 18.66% (down 136 basis points) and the 364-day bill at 18.55% (down 137 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 42.0bn against EGP 16.8bn on offer, 251% of the amount sought, and EGP 22.0bn was accepted.
Over the past year the 364-day rate has ranged from 13.91% to 20.19%.
A year earlier the 364-day bill cleared at 12.13%, so the government is paying 642 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,549 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 118,549 after 12 months: EGP 18,549 in interest before any withholding tax, about EGP 1,546 a month.
That is EGP 1,373 less than the same money would have earned at the previous auction.
For shorter money: EGP 9,329 on the 182-day bill (6 months), EGP 4,847 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 | 19.388% | 19.704% | EGP 5.75bn | EGP 10.64bn | EGP 5.75bn |
| 182-day | 18.657% | 20.015% | EGP 5.75bn | EGP 13.54bn | EGP 7.44bn |
| 364-day | 18.549% | 19.922% | EGP 5.25bn | EGP 17.80bn | EGP 8.83bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 14 March 2017, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2017-03-14
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