Egypt Treasury bills · auction of 27 February 2018
Egypt T-bill auction, 27 February 2018: 364-day at 16.83%, up 21 bps
At the Treasury bill auction dated 27 February 2018, the Central Bank of Egypt cleared the 91-day bill at 17.99% (up 24 basis points), the 182-day bill at 17.71% (up 25 basis points) and the 364-day bill at 16.83% (up 21 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 43.3bn against EGP 23.5bn on offer, 184% of the amount sought, and EGP 21.4bn was accepted.
Over the past year the 364-day rate has ranged from 16.43% to 21.99%.
A year earlier the 364-day bill cleared at 18.98%, so the government is paying 216 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 16,826 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 116,826 after 12 months: EGP 16,826 in interest before any withholding tax, about EGP 1,402 a month.
That is EGP 208 more than the same money would have earned at the previous auction.
For shorter money: EGP 8,855 on the 182-day bill (6 months), EGP 4,497 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 | 17.989% | 17.746% | EGP 7.50bn | EGP 11.19bn | EGP 6.50bn |
| 182-day | 17.710% | 17.457% | EGP 7.50bn | EGP 16.19bn | EGP 6.96bn |
| 364-day | 16.826% | 16.618% | EGP 8.50bn | EGP 15.95bn | EGP 7.93bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 27 February 2018, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-02-27
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