Egypt Treasury bills · auction of 7 August 2018
Egypt T-bill auction, 7 August 2018: 364-day at 18.71%, down 2 bps
At the Treasury bill auction dated 7 August 2018, the Central Bank of Egypt cleared the 91-day bill at 18.60% (down 12 basis points), the 182-day bill at 18.92% (up 2 basis points) and the 364-day bill at 18.71% (down 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 49.0bn against EGP 25.8bn on offer, 190% of the amount sought, and EGP 27.1bn was accepted.
Over the past year the 364-day rate has ranged from 16.43% to 19.44%.
A year earlier the 364-day bill cleared at 20.95%, so the government is paying 224 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,711 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 118,711 after 12 months: EGP 18,711 in interest before any withholding tax, about EGP 1,559 a month.
That is EGP 16 less than the same money would have earned at the previous auction.
For shorter money: EGP 9,462 on the 182-day bill (6 months), EGP 4,649 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 | 18.596% | 18.713% | EGP 8.50bn | EGP 18.57bn | EGP 9.36bn |
| 182-day | 18.924% | 18.901% | EGP 8.50bn | EGP 13.12bn | EGP 8.97bn |
| 364-day | 18.711% | 18.727% | EGP 8.75bn | EGP 17.29bn | EGP 8.81bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 7 August 2018, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-08-07
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