Egypt Treasury bills · auction of 22 May 2018
Egypt T-bill auction, 22 May 2018: 364-day at 18.41%, up 61 bps
At the Treasury bill auction dated 22 May 2018, the Central Bank of Egypt cleared the 91-day bill at 19.13% (up 156 basis points), the 182-day bill at 18.91% (up 37 basis points) and the 364-day bill at 18.41% (up 61 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 29.4bn against EGP 22.3bn on offer, 132% of the amount sought, and EGP 17.5bn 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 19.31%, so the government is paying 90 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,408 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 118,408 after 12 months: EGP 18,408 in interest before any withholding tax, about EGP 1,534 a month.
That is EGP 612 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,456 on the 182-day bill (6 months), EGP 4,781 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 | 19.125% | 17.567% | EGP 7.25bn | EGP 10.03bn | EGP 5.17bn |
| 182-day | 18.911% | 18.539% | EGP 7.25bn | EGP 9.91bn | EGP 7.25bn |
| 364-day | 18.408% | 17.796% | EGP 7.75bn | EGP 9.48bn | EGP 5.06bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 22 May 2018, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-05-22
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