Egypt Treasury bills · auction of 22 September 2020
Egypt T-bill auction, 22 September 2020: 364-day at 13.67%, up 2 bps
At the Treasury bill auction dated 22 September 2020, the Central Bank of Egypt cleared the 91-day bill at 13.46% (up 3 basis points), the 182-day bill at 13.57% (down 1 basis point) and the 364-day bill at 13.67% (up 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 77.6bn against EGP 29.0bn on offer, 268% of the amount sought, and EGP 24.1bn was accepted.
Over the past year the 364-day rate has ranged from 12.24% to 15.52%.
A year earlier the 364-day bill cleared at 15.88%, so the government is paying 220 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,673 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 113,673 after 12 months: EGP 13,673 in interest before any withholding tax, about EGP 1,139 a month.
That is EGP 21 more than the same money would have earned at the previous auction.
For shorter money: EGP 6,786 on the 182-day bill (6 months), EGP 3,364 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 | 13.456% | 13.431% | EGP 8.50bn | EGP 17.31bn | EGP 5.93bn |
| 182-day | 13.571% | 13.582% | EGP 9.50bn | EGP 21.11bn | EGP 3.82bn |
| 364-day | 13.673% | 13.652% | EGP 11.00bn | EGP 39.18bn | EGP 14.32bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 22 September 2020, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2020-09-22
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