Egypt Treasury bills · auction of 19 June 2018
Egypt T-bill auction, 19 June 2018: 364-day at 18.43%, up 12 bps
At the Treasury bill auction dated 19 June 2018, the Central Bank of Egypt cleared the 91-day bill at 18.84% (down 76 basis points), the 182-day bill at 18.74% (up 9 basis points) and the 364-day bill at 18.43% (up 12 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 38.8bn against EGP 24.0bn on offer, 162% of the amount sought, and EGP 26.5bn 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 20.27%, so the government is paying 185 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,427 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 118,427 after 12 months: EGP 18,427 in interest before any withholding tax, about EGP 1,536 a month.
That is EGP 117 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,370 on the 182-day bill (6 months), EGP 4,710 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 | 18.841% | 19.599% | EGP 7.75bn | EGP 11.80bn | EGP 7.81bn |
| 182-day | 18.739% | 18.646% | EGP 7.75bn | EGP 12.87bn | EGP 7.82bn |
| 364-day | 18.427% | 18.310% | EGP 8.50bn | EGP 14.14bn | EGP 10.83bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 19 June 2018, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-06-19
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