Egypt Treasury bills · auction of 11 July 2017
Egypt T-bill auction, 11 July 2017: 364-day at 20.98%, down 7 bps
At the Treasury bill auction dated 11 July 2017, the Central Bank of Egypt cleared the 91-day bill at 22.52% (up 155 basis points), the 182-day bill at 21.15% (up 12 basis points) and the 364-day bill at 20.98% (down 7 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 39.0bn against EGP 19.8bn on offer, 197% of the amount sought, and EGP 22.0bn was accepted.
Over the past year the 364-day rate has ranged from 15.62% to 21.05%.
A year earlier the 364-day bill cleared at 15.19%, so the government is paying 580 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 20,981 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 120,981 after 12 months: EGP 20,981 in interest before any withholding tax, about EGP 1,748 a month.
That is EGP 66 less than the same money would have earned at the previous auction.
For shorter money: EGP 10,575 on the 182-day bill (6 months), EGP 5,631 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 | 22.523% | 20.970% | EGP 6.50bn | EGP 10.65bn | EGP 6.50bn |
| 182-day | 21.150% | 21.032% | EGP 6.50bn | EGP 11.44bn | EGP 6.50bn |
| 364-day | 20.981% | 21.047% | EGP 6.75bn | EGP 16.91bn | EGP 8.98bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 11 July 2017, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2017-07-11
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