Egypt Treasury bills · auction of 2 October 2018
Egypt T-bill auction, 2 October 2018: 364-day at 19.62%, up 18 bps
At the Treasury bill auction dated 2 October 2018, the Central Bank of Egypt cleared the 91-day bill at 19.71% (up 9 basis points), the 182-day bill at 19.81% (up 19 basis points) and the 364-day bill at 19.62% (up 18 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 42.7bn against EGP 28.5bn on offer, 150% of the amount sought, and EGP 32.0bn was accepted.
At 19.62%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 17.87%, so the government is paying 176 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 19,623 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 119,623 after 12 months: EGP 19,623 in interest before any withholding tax, about EGP 1,635 a month.
That is EGP 184 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,904 on the 182-day bill (6 months), EGP 4,928 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 | 19.711% | 19.620% | EGP 9.75bn | EGP 16.43bn | EGP 10.61bn |
| 182-day | 19.808% | 19.622% | EGP 9.50bn | EGP 13.87bn | EGP 10.92bn |
| 364-day | 19.623% | 19.439% | EGP 9.25bn | EGP 12.44bn | EGP 10.44bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 2 October 2018, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-10-02
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