Egypt Treasury bills · auction of 22 August 2017
Egypt T-bill auction, 22 August 2017: 364-day at 19.31%, up 60 bps
At the Treasury bill auction dated 22 August 2017, the Central Bank of Egypt cleared the 91-day bill at 19.06% (down 2 basis points), the 182-day bill at 19.37% (up 54 basis points) and the 364-day bill at 19.31% (up 60 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 45.1bn against EGP 20.8bn on offer, 218% of the amount sought, and EGP 25.3bn was accepted.
Over the past year the 364-day rate has ranged from 16.07% to 21.99%.
A year earlier the 364-day bill cleared at 15.91%, so the government is paying 339 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 19,308 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 119,308 after 12 months: EGP 19,308 in interest before any withholding tax, about EGP 1,609 a month.
That is EGP 603 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,684 on the 182-day bill (6 months), EGP 4,765 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 | 19.059% | 19.080% | EGP 6.75bn | EGP 13.07bn | EGP 8.13bn |
| 182-day | 19.368% | 18.832% | EGP 6.75bn | EGP 13.74bn | EGP 8.25bn |
| 364-day | 19.308% | 18.705% | EGP 7.25bn | EGP 18.33bn | EGP 8.88bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 22 August 2017, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2017-08-22
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