Egypt Treasury bills · auction of 7 January 2020
Egypt T-bill auction, 7 January 2020: 364-day at 14.62%, up 4 bps
At the Treasury bill auction dated 7 January 2020, the Central Bank of Egypt cleared the 91-day bill at 14.82% (down 24 basis points), the 182-day bill at 14.97% (down 3 basis points) and the 364-day bill at 14.62% (up 4 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 40.5bn against EGP 24.5bn on offer, 165% of the amount sought, and EGP 22.7bn was accepted.
Over the past year the 364-day rate has ranged from 14.57% to 19.37%.
A year earlier the 364-day bill cleared at 19.98%, so the government is paying 536 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 14,619 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 114,619 after 12 months: EGP 14,619 in interest before any withholding tax, about EGP 1,218 a month.
That is EGP 41 more than the same money would have earned at the previous auction.
For shorter money: EGP 7,488 on the 182-day bill (6 months), EGP 3,706 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 | 14.823% | 15.065% | EGP 4.00bn | EGP 10.40bn | EGP 2.15bn |
| 182-day | 14.975% | 15.009% | EGP 10.00bn | EGP 15.10bn | EGP 10.00bn |
| 364-day | 14.619% | 14.578% | EGP 10.50bn | EGP 15.03bn | EGP 10.50bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 7 January 2020, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2020-01-07
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