Egypt Treasury bills · auction of 22 October 2019
Egypt T-bill auction, 22 October 2019: 364-day at 15.18%, down 5 bps
At the Treasury bill auction dated 22 October 2019, the Central Bank of Egypt cleared the 91-day bill at 15.94% (up 5 basis points), the 182-day bill at 15.82% (up 3 basis points) and the 364-day bill at 15.18% (down 5 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 47.8bn against EGP 28.0bn on offer, 171% of the amount sought, and EGP 30.2bn 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 19.82%, so the government is paying 463 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 15,183 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 115,183 after 12 months: EGP 15,183 in interest before any withholding tax, about EGP 1,265 a month.
That is EGP 54 less than the same money would have earned at the previous auction.
For shorter money: EGP 7,910 on the 182-day bill (6 months), EGP 3,986 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 | 15.944% | 15.891% | EGP 9.00bn | EGP 11.13bn | EGP 8.46bn |
| 182-day | 15.819% | 15.786% | EGP 9.50bn | EGP 14.57bn | EGP 9.50bn |
| 364-day | 15.183% | 15.237% | EGP 9.50bn | EGP 22.15bn | EGP 12.23bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 22 October 2019, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2019-10-22
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