Egypt Treasury bills · auction of 6 October 2020
Egypt T-bill auction, 6 October 2020: 364-day at 13.46%, down 14 bps
At the Treasury bill auction dated 6 October 2020, the Central Bank of Egypt cleared the 91-day bill at 13.25% (up 9 basis points), the 182-day bill at 13.38% (down 13 basis points) and the 364-day bill at 13.46% (down 14 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 57.4bn against EGP 29.5bn on offer, 195% of the amount sought, and EGP 37.8bn was accepted.
Over the past year the 364-day rate has ranged from 12.24% to 15.24%.
A year earlier the 364-day bill cleared at 15.37%, so the government is paying 191 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,459 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 113,459 after 12 months: EGP 13,459 in interest before any withholding tax, about EGP 1,122 a month.
That is EGP 145 less than the same money would have earned at the previous auction.
For shorter money: EGP 6,691 on the 182-day bill (6 months), EGP 3,312 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 | 13.246% | 13.152% | EGP 8.50bn | EGP 11.38bn | EGP 6.45bn |
| 182-day | 13.381% | 13.516% | EGP 9.00bn | EGP 12.60bn | EGP 9.00bn |
| 364-day | 13.459% | 13.604% | EGP 12.00bn | EGP 33.41bn | EGP 22.39bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 6 October 2020, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2020-10-06
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