Egypt Treasury bills · auction of 7 November 2017
Egypt T-bill auction, 7 November 2017: 364-day at 17.65%, down 4 bps
At the Treasury bill auction dated 7 November 2017, the Central Bank of Egypt cleared the 91-day bill at 18.39% (down 18 basis points), the 182-day bill at 18.47% (down 23 basis points) and the 364-day bill at 17.65% (down 4 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 48.2bn against EGP 20.5bn on offer, 235% of the amount sought, and EGP 29.9bn was accepted.
Over the past year the 364-day rate has ranged from 17.61% to 21.99%.
A year earlier the 364-day bill cleared at 16.84%, so the government is paying 80 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 17,646 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 117,646 after 12 months: EGP 17,646 in interest before any withholding tax, about EGP 1,471 a month.
That is EGP 44 less than the same money would have earned at the previous auction.
For shorter money: EGP 9,234 on the 182-day bill (6 months), EGP 4,597 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 | 18.387% | 18.571% | EGP 6.75bn | EGP 13.00bn | EGP 7.74bn |
| 182-day | 18.467% | 18.701% | EGP 6.75bn | EGP 17.87bn | EGP 11.75bn |
| 364-day | 17.646% | 17.690% | EGP 7.00bn | EGP 17.29bn | EGP 10.39bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 7 November 2017, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2017-11-07
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