Egypt Treasury bills · auction of 14 April 2020
Egypt T-bill auction, 14 April 2020: 364-day at 12.24%, down 73 bps
At the Treasury bill auction dated 14 April 2020, the Central Bank of Egypt cleared the 91-day bill at 12.11% (down 43 basis points), the 182-day bill at 12.18% (down 81 basis points) and the 364-day bill at 12.24% (down 73 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 61.8bn against EGP 29.0bn on offer, 213% of the amount sought, and EGP 21.0bn was accepted.
At 12.24%, the 364-day rate is the lowest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 17.35%, so the government is paying 512 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 12,238 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 112,238 after 12 months: EGP 12,238 in interest before any withholding tax, about EGP 1,020 a month.
That is EGP 729 less than the same money would have earned at the previous auction.
For shorter money: EGP 6,092 on the 182-day bill (6 months), EGP 3,028 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 | 12.111% | 12.546% | EGP 8.50bn | EGP 10.17bn | EGP 545m |
| 182-day | 12.183% | 12.996% | EGP 10.00bn | EGP 22.85bn | EGP 10.00bn |
| 364-day | 12.238% | 12.967% | EGP 10.50bn | EGP 28.76bn | 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, 14 April 2020, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2020-04-14
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