Egypt Treasury bills · auction of 28 April 2020
Egypt T-bill auction, 28 April 2020: 364-day at 12.46%, up 15 bps
At the Treasury bill auction dated 28 April 2020, the Central Bank of Egypt cleared the 91-day bill at 12.44% (up 13 basis points), the 182-day bill at 12.44% (up 17 basis points) and the 364-day bill at 12.46% (up 15 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 46.7bn against EGP 29.0bn on offer, 161% of the amount sought, and EGP 23.9bn was accepted.
Over the past year the 364-day rate has ranged from 12.24% to 17.50%.
A year earlier the 364-day bill cleared at 17.02%, so the government is paying 456 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 12,461 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 112,461 after 12 months: EGP 12,461 in interest before any withholding tax, about EGP 1,038 a month.
That is EGP 154 more than the same money would have earned at the previous auction.
For shorter money: EGP 6,219 on the 182-day bill (6 months), EGP 3,110 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 | 12.439% | 12.311% | EGP 8.50bn | EGP 14.35bn | EGP 7.32bn |
| 182-day | 12.438% | 12.269% | EGP 10.00bn | EGP 12.98bn | EGP 6.12bn |
| 364-day | 12.461% | 12.307% | EGP 10.50bn | EGP 19.34bn | 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, 28 April 2020, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2020-04-28
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