Egypt Treasury bills · auction of 12 March 2019
Egypt T-bill auction, 12 March 2019: 364-day at 17.61%, down 11 bps
At the Treasury bill auction dated 12 March 2019, the Central Bank of Egypt cleared the 91-day bill at 17.63% (down 15 basis points), the 182-day bill at 17.75% (down 11 basis points) and the 364-day bill at 17.61% (down 11 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 76.2bn against EGP 26.5bn on offer, 288% of the amount sought, and EGP 31.5bn 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 16.89%, so the government is paying 72 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 17,611 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 117,611 after 12 months: EGP 17,611 in interest before any withholding tax, about EGP 1,468 a month.
That is EGP 111 less than the same money would have earned at the previous auction.
For shorter money: EGP 8,873 on the 182-day bill (6 months), EGP 4,408 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 | 17.631% | 17.781% | EGP 8.50bn | EGP 14.30bn | EGP 8.75bn |
| 182-day | 17.745% | 17.850% | EGP 8.75bn | EGP 27.70bn | EGP 8.75bn |
| 364-day | 17.611% | 17.722% | EGP 9.25bn | EGP 34.22bn | EGP 14.01bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 12 March 2019, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2019-03-12
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