Egypt Treasury bills · auction of 28 August 2018
Egypt T-bill auction, 28 August 2018: 364-day at 19.08%, up 12 bps
At the Treasury bill auction dated 28 August 2018, the Central Bank of Egypt cleared the 91-day bill at 19.06% (up 21 basis points), the 182-day bill at 19.24% (up 7 basis points) and the 364-day bill at 19.08% (up 12 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 48.0bn against EGP 25.8bn on offer, 186% of the amount sought, and EGP 28.3bn 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 19.31%, so the government is paying 23 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 19,083 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 119,083 after 12 months: EGP 19,083 in interest before any withholding tax, about EGP 1,590 a month.
That is EGP 116 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,618 on the 182-day bill (6 months), EGP 4,765 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 | 19.059% | 18.845% | EGP 8.50bn | EGP 18.36bn | EGP 9.20bn |
| 182-day | 19.236% | 19.168% | EGP 8.50bn | EGP 13.14bn | EGP 8.50bn |
| 364-day | 19.083% | 18.967% | EGP 8.75bn | EGP 16.49bn | EGP 10.65bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 28 August 2018, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-08-28
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