Egypt Treasury bills · auction of 26 June 2018
Egypt T-bill auction, 26 June 2018: 364-day at 18.93%, up 50 bps
At the Treasury bill auction dated 26 June 2018, the Central Bank of Egypt cleared the 91-day bill at 19.47% (up 63 basis points), the 182-day bill at 19.36% (up 62 basis points) and the 364-day bill at 18.93% (up 50 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 39.8bn against EGP 24.0bn on offer, 166% of the amount sought, and EGP 23.8bn 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 20.31%, so the government is paying 138 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,928 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 118,928 after 12 months: EGP 18,928 in interest before any withholding tax, about EGP 1,577 a month.
That is EGP 501 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,681 on the 182-day bill (6 months), EGP 4,867 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 | 19.468% | 18.841% | EGP 7.75bn | EGP 14.47bn | EGP 8.10bn |
| 182-day | 19.361% | 18.739% | EGP 7.75bn | EGP 13.07bn | EGP 9.51bn |
| 364-day | 18.928% | 18.427% | EGP 8.50bn | EGP 12.29bn | EGP 6.22bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 26 June 2018, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-06-26
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