Egypt Treasury bills · auction of 11 August 2020
Egypt T-bill auction, 11 August 2020: 364-day at 13.79%, up 10 bps
At the Treasury bill auction dated 11 August 2020, the Central Bank of Egypt cleared the 91-day bill at 13.60% (up 5 basis points), the 182-day bill at 13.65% (up 8 basis points) and the 364-day bill at 13.79% (up 10 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 69.9bn against EGP 29.0bn on offer, 241% of the amount sought, and EGP 51.1bn 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 17.25%, so the government is paying 346 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,786 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 113,786 after 12 months: EGP 13,786 in interest before any withholding tax, about EGP 1,149 a month.
That is EGP 98 more than the same money would have earned at the previous auction.
For shorter money: EGP 6,825 on the 182-day bill (6 months), EGP 3,400 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 | 13.598% | 13.551% | EGP 8.50bn | EGP 19.16bn | EGP 9.14bn |
| 182-day | 13.649% | 13.573% | EGP 9.50bn | EGP 18.01bn | EGP 13.03bn |
| 364-day | 13.786% | 13.688% | EGP 11.00bn | EGP 32.70bn | EGP 28.96bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 11 August 2020, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2020-08-11
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