Egypt Treasury bills · auction of 13 August 2019
Egypt T-bill auction, 13 August 2019: 364-day at 17.40%, up 15 bps
At the Treasury bill auction dated 13 August 2019, the Central Bank of Egypt cleared the 91-day bill at 17.88% (down 2 basis points), the 182-day bill at 17.89% (up 13 basis points) and the 364-day bill at 17.40% (up 15 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 30.8bn against EGP 28.0bn on offer, 110% of the amount sought, and EGP 22.9bn was accepted.
Over the past year the 364-day rate has ranged from 17.00% to 19.98%.
A year earlier the 364-day bill cleared at 18.71%, so the government is paying 131 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 17,398 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 117,398 after 12 months: EGP 17,398 in interest before any withholding tax, about EGP 1,450 a month.
That is EGP 148 more than the same money would have earned at the previous auction.
For shorter money: EGP 8,946 on the 182-day bill (6 months), EGP 4,470 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 | 17.878% | 17.899% | EGP 9.00bn | EGP 7.41bn | EGP 5.83bn |
| 182-day | 17.892% | 17.757% | EGP 9.50bn | EGP 10.48bn | EGP 7.54bn |
| 364-day | 17.398% | 17.250% | EGP 9.50bn | EGP 12.88bn | 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, 13 August 2019, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2019-08-13
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