Egypt Treasury bills · auction of 21 November 2017
Egypt T-bill auction, 21 November 2017: 364-day at 17.82%, up 10 bps
At the Treasury bill auction dated 21 November 2017, the Central Bank of Egypt cleared the 91-day bill at 18.63% (up 16 basis points), the 182-day bill at 18.53% (up 4 basis points) and the 364-day bill at 17.82% (up 10 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 46.2bn against EGP 20.5bn on offer, 226% of the amount sought, and EGP 25.5bn was accepted.
Over the past year the 364-day rate has ranged from 17.65% to 21.99%.
A year earlier the 364-day bill cleared at 18.90%, so the government is paying 108 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 17,825 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 117,825 after 12 months: EGP 17,825 in interest before any withholding tax, about EGP 1,485 a month.
That is EGP 101 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,267 on the 182-day bill (6 months), EGP 4,656 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 | 18.625% | 18.470% | EGP 6.75bn | EGP 9.63bn | EGP 8.68bn |
| 182-day | 18.534% | 18.498% | EGP 6.75bn | EGP 16.54bn | EGP 7.76bn |
| 364-day | 17.825% | 17.724% | EGP 7.00bn | EGP 20.07bn | EGP 9.10bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 21 November 2017, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2017-11-21
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