Egypt Treasury bills · auction of 10 April 2018
Egypt T-bill auction, 10 April 2018: 364-day at 16.55%, unchanged
At the Treasury bill auction dated 10 April 2018, the Central Bank of Egypt cleared the 91-day bill at 17.75% (up 12 basis points), the 182-day bill at 17.48% (down 9 basis points) and the 364-day bill at 16.55% (unchanged). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 40.8bn against EGP 22.5bn on offer, 181% of the amount sought, and EGP 25.7bn 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 19.17%, so the government is paying 262 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 16,555 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 116,555 after 12 months: EGP 16,555 in interest before any withholding tax, about EGP 1,380 a month.
That is EGP 4 less than the same money would have earned at the previous auction.
For shorter money: EGP 8,741 on the 182-day bill (6 months), EGP 4,437 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 | 17.749% | 17.628% | EGP 7.25bn | EGP 12.98bn | EGP 8.40bn |
| 182-day | 17.482% | 17.569% | EGP 7.25bn | EGP 14.50bn | EGP 8.71bn |
| 364-day | 16.555% | 16.559% | EGP 8.00bn | EGP 13.32bn | EGP 8.59bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 10 April 2018, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-04-10
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