Egypt Treasury bills · auction of 18 February 2020
Egypt T-bill auction, 18 February 2020: 364-day at 13.86%, down 25 bps
At the Treasury bill auction dated 18 February 2020, the Central Bank of Egypt cleared the 91-day bill at 13.16% (down 40 basis points), the 182-day bill at 14.10% (down 32 basis points) and the 364-day bill at 13.86% (down 25 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 57.3bn against EGP 24.5bn on offer, 234% of the amount sought, and EGP 20.6bn was accepted.
Over the past year the 364-day rate has ranged from 13.74% to 17.72%.
A year earlier the 364-day bill cleared at 18.20%, so the government is paying 434 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,863 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 113,863 after 12 months: EGP 13,863 in interest before any withholding tax, about EGP 1,155 a month.
That is EGP 253 less than the same money would have earned at the previous auction.
For shorter money: EGP 7,051 on the 182-day bill (6 months), EGP 3,289 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 | 13.157% | 13.555% | EGP 4.00bn | EGP 2.78bn | EGP 56m |
| 182-day | 14.102% | 14.425% | EGP 10.00bn | EGP 21.89bn | EGP 10.00bn |
| 364-day | 13.863% | 14.116% | EGP 10.50bn | EGP 32.58bn | 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, 18 February 2020, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2020-02-18
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