Egypt Treasury bills · auction of 27 November 2018
Egypt T-bill auction, 27 November 2018: 364-day at 19.92%, up 5 bps
At the Treasury bill auction dated 27 November 2018, the Central Bank of Egypt cleared the 91-day bill at 19.36% (down 10 basis points), the 182-day bill at 19.89% (up 8 basis points) and the 364-day bill at 19.92% (up 5 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was undersubscribed: bids totalled EGP 28.1bn against EGP 28.8bn on offer, 98% of the amount sought, and EGP 2.1bn was accepted.
At 19.92%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 17.82%, so the government is paying 210 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 19,920 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 119,920 after 12 months: EGP 19,920 in interest before any withholding tax, about EGP 1,660 a month.
That is EGP 51 more than the same money would have earned at the previous auction.
For shorter money: EGP 9,947 on the 182-day bill (6 months), EGP 4,840 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 | 19.359% | 19.461% | EGP 9.75bn | EGP 10.88bn | EGP 79m |
| 182-day | 19.893% | 19.814% | EGP 9.50bn | EGP 7.93bn | EGP 758m |
| 364-day | 19.920% | 19.869% | EGP 9.50bn | EGP 9.32bn | EGP 1.31bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 27 November 2018, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2018-11-27
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