Egypt Treasury bills · auction of 10 September 2019
Egypt T-bill auction, 10 September 2019: 364-day at 16.19%, down 7 bps
At the Treasury bill auction dated 10 September 2019, the Central Bank of Egypt cleared the 91-day bill at 16.61% (up 11 basis points), the 182-day bill at 16.56% (up 4 basis points) and the 364-day bill at 16.19% (down 7 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 40.5bn against EGP 28.0bn on offer, 145% of the amount sought, and EGP 23.2bn was accepted.
At 16.19%, the 364-day rate is the lowest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 19.19%, so the government is paying 300 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 16,191 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 116,191 after 12 months: EGP 16,191 in interest before any withholding tax, about EGP 1,349 a month.
That is EGP 72 less than the same money would have earned at the previous auction.
For shorter money: EGP 8,281 on the 182-day bill (6 months), EGP 4,152 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 | 16.608% | 16.503% | EGP 9.00bn | EGP 7.99bn | EGP 3.89bn |
| 182-day | 16.561% | 16.521% | EGP 9.50bn | EGP 9.81bn | EGP 6.24bn |
| 364-day | 16.191% | 16.263% | EGP 9.50bn | EGP 22.70bn | EGP 13.04bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 10 September 2019, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2019-09-10
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