Egypt Treasury bills · auction of 15 January 2019
Egypt T-bill auction, 15 January 2019: 364-day at 19.37%, down 39 bps
At the Treasury bill auction dated 15 January 2019, the Central Bank of Egypt cleared the 91-day bill at 18.71% (down 48 basis points), the 182-day bill at 19.34% (down 37 basis points) and the 364-day bill at 19.37% (down 39 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 88.3bn against EGP 26.5bn on offer, 333% of the amount sought, and EGP 34.9bn was accepted.
Over the past year the 364-day rate has ranged from 16.43% to 19.98%.
A year earlier the 364-day bill cleared at 18.19%, so the government is paying 118 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 19,371 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 119,371 after 12 months: EGP 19,371 in interest before any withholding tax, about EGP 1,614 a month.
That is EGP 389 less than the same money would have earned at the previous auction.
For shorter money: EGP 9,671 on the 182-day bill (6 months), EGP 4,679 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 | 18.715% | 19.190% | EGP 8.50bn | EGP 25.35bn | EGP 8.50bn |
| 182-day | 19.342% | 19.708% | EGP 8.75bn | EGP 29.56bn | EGP 12.99bn |
| 364-day | 19.371% | 19.760% | EGP 9.25bn | EGP 33.38bn | EGP 13.39bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 15 January 2019, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2019-01-15
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