Egypt Treasury bills · auction of 27 March 2018
Egypt T-bill auction, 27 March 2018: 364-day at 16.68%, up 5 bps
At the Treasury bill auction dated 27 March 2018, the Central Bank of Egypt cleared the 91-day bill at 18.00% (up 10 basis points), the 182-day bill at 17.81% (up 5 basis points) and the 364-day bill at 16.68% (up 5 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 45.9bn against EGP 21.3bn on offer, 216% of the amount sought, and EGP 21.2bn 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 19.24%, so the government is paying 256 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 16,680 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 116,680 after 12 months: EGP 16,680 in interest before any withholding tax, about EGP 1,390 a month.
That is EGP 54 more than the same money would have earned at the previous auction.
For shorter money: EGP 8,905 on the 182-day bill (6 months), EGP 4,500 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 | 17.999% | 17.896% | EGP 6.75bn | EGP 12.26bn | EGP 6.72bn |
| 182-day | 17.809% | 17.755% | EGP 6.75bn | EGP 17.43bn | EGP 6.75bn |
| 364-day | 16.680% | 16.626% | EGP 7.75bn | EGP 16.19bn | EGP 7.75bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 27 March 2018, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-03-27
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