Egypt Treasury bills · auction of 15 October 2019
Egypt T-bill auction, 15 October 2019: 364-day at 15.24%, down 28 bps
At the Treasury bill auction dated 15 October 2019, the Central Bank of Egypt cleared the 91-day bill at 15.89% (down 4 basis points), the 182-day bill at 15.79% (down 6 basis points) and the 364-day bill at 15.24% (down 28 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 44.9bn against EGP 28.3bn on offer, 159% of the amount sought, and EGP 30.9bn was accepted.
Over the past year the 364-day rate has ranged from 14.92% to 19.98%.
A year earlier the 364-day bill cleared at 19.69%, so the government is paying 445 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 15,237 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 115,237 after 12 months: EGP 15,237 in interest before any withholding tax, about EGP 1,270 a month.
That is EGP 278 less than the same money would have earned at the previous auction.
For shorter money: EGP 7,893 on the 182-day bill (6 months), EGP 3,973 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 | 15.891% | 15.931% | EGP 9.25bn | EGP 7.75bn | EGP 7.08bn |
| 182-day | 15.786% | 15.849% | EGP 9.25bn | EGP 14.47bn | EGP 8.42bn |
| 364-day | 15.237% | 15.515% | EGP 9.75bn | EGP 22.67bn | EGP 15.45bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 15 October 2019, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2019-10-15
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