Egypt Treasury bills · auction of 24 March 2020
Egypt T-bill auction, 24 March 2020: 364-day at 13.28%, down 143 bps
At the Treasury bill auction dated 24 March 2020, the Central Bank of Egypt cleared the 91-day bill at 12.61% (down 28 basis points), the 182-day bill at 13.29% (down 102 basis points) and the 364-day bill at 13.28% (down 143 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 56.8bn against EGP 24.5bn on offer, 232% of the amount sought, and EGP 24.5bn was accepted.
At 13.28%, the 364-day rate is the lowest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 17.51%, so the government is paying 423 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,280 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 113,280 after 12 months: EGP 13,280 in interest before any withholding tax, about EGP 1,107 a month.
That is EGP 1,433 less than the same money would have earned at the previous auction.
For shorter money: EGP 6,645 on the 182-day bill (6 months), EGP 3,152 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 | 12.610% | 12.892% | EGP 4.00bn | EGP 5.69bn | EGP 72m |
| 182-day | 13.290% | 14.310% | EGP 10.00bn | EGP 20.63bn | EGP 11.21bn |
| 364-day | 13.280% | 14.713% | EGP 10.50bn | EGP 30.43bn | EGP 13.20bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 24 March 2020, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2020-03-24
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