Egypt Treasury bills · auction of 16 March 2021
Egypt T-bill auction, 16 March 2021: 364-day at 13.35%, up 6 bps
At the Treasury bill auction dated 16 March 2021, the Central Bank of Egypt cleared the 91-day bill at 13.04% (up 5 basis points), the 182-day bill at 13.36% (up 4 basis points) and the 364-day bill at 13.35% (up 6 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 57.5bn against EGP 29.5bn on offer, 195% of the amount sought, and EGP 33.7bn was accepted.
Over the past year the 364-day rate has ranged from 12.24% to 13.84%.
A year earlier the 364-day bill cleared at 14.02%, so the government is paying 66 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,352 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 113,352 after 12 months: EGP 13,352 in interest before any withholding tax, about EGP 1,113 a month.
That is EGP 59 more than the same money would have earned at the previous auction.
For shorter money: EGP 6,679 on the 182-day bill (6 months), EGP 3,261 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 | 13.045% | 12.990% | EGP 11.50bn | EGP 20.11bn | EGP 12.11bn |
| 182-day | 13.359% | 13.320% | EGP 10.50bn | EGP 17.68bn | EGP 10.80bn |
| 364-day | 13.352% | 13.293% | EGP 7.50bn | EGP 19.73bn | EGP 10.75bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 16 March 2021, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2021-03-16
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