Egypt Treasury bills · auction of 13 March 2018
Egypt T-bill auction, 13 March 2018: 364-day at 16.59%, down 31 bps
At the Treasury bill auction dated 13 March 2018, the Central Bank of Egypt cleared the 91-day bill at 17.89% (down 10 basis points), the 182-day bill at 17.75% (down 16 basis points) and the 364-day bill at 16.59% (down 31 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 60.2bn against EGP 22.8bn on offer, 265% of the amount sought, and EGP 30.4bn 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 19.92%, so the government is paying 334 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 16,587 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 116,587 after 12 months: EGP 16,587 in interest before any withholding tax, about EGP 1,382 a month.
That is EGP 307 less than the same money would have earned at the previous auction.
For shorter money: EGP 8,876 on the 182-day bill (6 months), EGP 4,472 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 | 17.888% | 17.989% | EGP 7.25bn | EGP 17.55bn | EGP 8.75bn |
| 182-day | 17.751% | 17.907% | EGP 7.25bn | EGP 17.71bn | EGP 10.97bn |
| 364-day | 16.587% | 16.894% | EGP 8.25bn | EGP 24.99bn | EGP 10.67bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 13 March 2018, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-03-13
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