Egypt Treasury bills · auction of 29 May 2018
Egypt T-bill auction, 29 May 2018: 364-day at 18.55%, up 14 bps
At the Treasury bill auction dated 29 May 2018, the Central Bank of Egypt cleared the 91-day bill at 19.16% (up 3 basis points), the 182-day bill at 19.14% (up 23 basis points) and the 364-day bill at 18.55% (up 14 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 39.6bn against EGP 23.0bn on offer, 172% 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 19.70%, so the government is paying 114 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,553 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 118,553 after 12 months: EGP 18,553 in interest before any withholding tax, about EGP 1,546 a month.
That is EGP 145 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,569 on the 182-day bill (6 months), EGP 4,790 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 | 19.158% | 19.125% | EGP 7.50bn | EGP 11.57bn | EGP 7.13bn |
| 182-day | 19.138% | 18.911% | EGP 7.50bn | EGP 12.19bn | EGP 6.93bn |
| 364-day | 18.553% | 18.408% | EGP 8.00bn | EGP 15.88bn | EGP 7.11bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 29 May 2018, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-05-29
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