Egypt Treasury bills · auction of 19 February 2019
Egypt T-bill auction, 19 February 2019: 364-day at 18.18%, down 2 bps
At the Treasury bill auction dated 19 February 2019, the Central Bank of Egypt cleared the 91-day bill at 17.45% (down 75 basis points), the 182-day bill at 18.57% (up 4 basis points) and the 364-day bill at 18.18% (down 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 54.6bn against EGP 26.5bn on offer, 206% of the amount sought, and EGP 18.1bn was accepted.
Over the past year the 364-day rate has ranged from 16.55% to 19.98%.
A year earlier the 364-day bill cleared at 16.43%, so the government is paying 175 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,182 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 118,182 after 12 months: EGP 18,182 in interest before any withholding tax, about EGP 1,515 a month.
That is EGP 18 less than the same money would have earned at the previous auction.
For shorter money: EGP 9,283 on the 182-day bill (6 months), EGP 4,363 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 | 17.453% | 18.202% | EGP 8.50bn | EGP 16.29bn | EGP 103m |
| 182-day | 18.565% | 18.530% | EGP 8.75bn | EGP 17.39bn | EGP 8.75bn |
| 364-day | 18.182% | 18.200% | EGP 9.25bn | EGP 20.91bn | EGP 9.25bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 19 February 2019, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2019-02-19
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