Egypt Treasury bills · auction of 5 June 2018
Egypt T-bill auction, 5 June 2018: 364-day at 18.62%, up 6 bps
At the Treasury bill auction dated 5 June 2018, the Central Bank of Egypt cleared the 91-day bill at 18.98% (down 18 basis points), the 182-day bill at 19.08% (down 6 basis points) and the 364-day bill at 18.62% (up 6 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 53.7bn against EGP 24.0bn on offer, 224% of the amount sought, and EGP 29.1bn 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 20.59%, so the government is paying 197 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,617 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 118,617 after 12 months: EGP 18,617 in interest before any withholding tax, about EGP 1,551 a month.
That is EGP 64 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,540 on the 182-day bill (6 months), EGP 4,744 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 | 18.977% | 19.158% | EGP 7.75bn | EGP 16.46bn | EGP 7.81bn |
| 182-day | 19.080% | 19.138% | EGP 7.75bn | EGP 16.55bn | EGP 9.15bn |
| 364-day | 18.617% | 18.553% | EGP 8.50bn | EGP 20.66bn | EGP 12.17bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 5 June 2018, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-06-05
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