Egypt Treasury bills · auction of 19 January 2021
Egypt T-bill auction, 19 January 2021: 364-day at 12.88%, up 1 bps
At the Treasury bill auction dated 19 January 2021, the Central Bank of Egypt cleared the 91-day bill at 12.48% (down 6 basis points), the 182-day bill at 12.84% (up 4 basis points) and the 364-day bill at 12.88% (up 1 basis point). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 61.6bn against EGP 25.0bn on offer, 246% of the amount sought, and EGP 43.2bn was accepted.
Over the past year the 364-day rate has ranged from 12.24% to 14.71%.
A year earlier the 364-day bill cleared at 14.54%, so the government is paying 166 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 12,883 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 112,883 after 12 months: EGP 12,883 in interest before any withholding tax, about EGP 1,074 a month.
That is EGP 13 more than the same money would have earned at the previous auction.
For shorter money: EGP 6,418 on the 182-day bill (6 months), EGP 3,120 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 | 12.482% | 12.546% | EGP 5.00bn | EGP 16.25bn | EGP 13.07bn |
| 182-day | 12.835% | 12.792% | EGP 7.50bn | EGP 13.06bn | EGP 6.55bn |
| 364-day | 12.883% | 12.870% | EGP 12.50bn | EGP 32.28bn | EGP 23.58bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 19 January 2021, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2021-01-19
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