Egypt Treasury bills · auction of 23 April 2019
Egypt T-bill auction, 23 April 2019: 364-day at 17.02%, down 37 bps
At the Treasury bill auction dated 23 April 2019, the Central Bank of Egypt cleared the 91-day bill at 17.23% (down 29 basis points), the 182-day bill at 17.26% (down 27 basis points) and the 364-day bill at 17.02% (down 37 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 73.6bn against EGP 27.0bn on offer, 272% of the amount sought, and EGP 27.0bn was accepted.
Over the past year the 364-day rate has ranged from 16.93% to 19.98%.
A year earlier the 364-day bill cleared at 16.77%, so the government is paying 26 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 17,025 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 117,025 after 12 months: EGP 17,025 in interest before any withholding tax, about EGP 1,419 a month.
That is EGP 366 less than the same money would have earned at the previous auction.
For shorter money: EGP 8,632 on the 182-day bill (6 months), EGP 4,309 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 | 17.235% | 17.528% | EGP 8.50bn | EGP 13.10bn | EGP 8.50bn |
| 182-day | 17.264% | 17.529% | EGP 9.00bn | EGP 25.03bn | EGP 9.00bn |
| 364-day | 17.025% | 17.391% | EGP 9.50bn | EGP 35.43bn | EGP 9.50bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 23 April 2019, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2019-04-23
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