Egypt Treasury bills · auction of 14 November 2017
Egypt T-bill auction, 14 November 2017: 364-day at 17.72%, up 8 bps
At the Treasury bill auction dated 14 November 2017, the Central Bank of Egypt cleared the 91-day bill at 18.47% (up 8 basis points), the 182-day bill at 18.50% (up 3 basis points) and the 364-day bill at 17.72% (up 8 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 41.3bn against EGP 23.0bn on offer, 179% of the amount sought, and EGP 27.4bn 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 88 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 17,724 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 117,724 after 12 months: EGP 17,724 in interest before any withholding tax, about EGP 1,477 a month.
That is EGP 78 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,249 on the 182-day bill (6 months), EGP 4,617 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 | 18.470% | 18.387% | EGP 7.50bn | EGP 10.60bn | EGP 9.29bn |
| 182-day | 18.498% | 18.467% | EGP 7.50bn | EGP 15.23bn | EGP 8.90bn |
| 364-day | 17.724% | 17.646% | EGP 8.00bn | EGP 15.45bn | EGP 9.20bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 14 November 2017, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2017-11-14
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