Egypt Treasury bills · auction of 8 September 2020
Egypt T-bill auction, 8 September 2020: 364-day at 13.55%, down 27 bps
At the Treasury bill auction dated 8 September 2020, the Central Bank of Egypt cleared the 91-day bill at 13.30% (down 20 basis points), the 182-day bill at 13.48% (down 18 basis points) and the 364-day bill at 13.55% (down 27 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 78.3bn against EGP 29.0bn on offer, 270% of the amount sought, and EGP 27.4bn was accepted.
Over the past year the 364-day rate has ranged from 12.24% to 15.88%.
A year earlier the 364-day bill cleared at 16.26%, so the government is paying 271 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,552 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 113,552 after 12 months: EGP 13,552 in interest before any withholding tax, about EGP 1,129 a month.
That is EGP 268 less than the same money would have earned at the previous auction.
For shorter money: EGP 6,742 on the 182-day bill (6 months), EGP 3,326 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 | 13.302% | 13.499% | EGP 8.50bn | EGP 12.80bn | EGP 6.26bn |
| 182-day | 13.484% | 13.665% | EGP 9.50bn | EGP 19.22bn | EGP 4.50bn |
| 364-day | 13.552% | 13.820% | EGP 11.00bn | EGP 46.24bn | EGP 16.59bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 8 September 2020, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2020-09-08
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