Egypt Treasury bills · auction of 4 May 2021
Egypt T-bill auction, 4 May 2021: 364-day at 13.36%, down 2 bps
At the Treasury bill auction dated 4 May 2021, the Central Bank of Egypt cleared the 91-day bill at 13.15% (up 1 basis point), the 182-day bill at 13.38% (down 1 basis point) and the 364-day bill at 13.36% (down 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 48.3bn against EGP 28.0bn on offer, 172% of the amount sought, and EGP 25.4bn was accepted.
Over the past year the 364-day rate has ranged from 12.45% to 13.84%.
A year earlier the 364-day bill cleared at 12.46%, so the government is paying 90 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,360 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 113,360 after 12 months: EGP 13,360 in interest before any withholding tax, about EGP 1,113 a month.
That is EGP 22 less than the same money would have earned at the previous auction.
For shorter money: EGP 6,692 on the 182-day bill (6 months), EGP 3,287 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 | 13.148% | 13.135% | EGP 10.50bn | EGP 14.75bn | EGP 8.33bn |
| 182-day | 13.384% | 13.395% | EGP 10.50bn | EGP 17.37bn | EGP 8.52bn |
| 364-day | 13.360% | 13.382% | EGP 7.00bn | EGP 16.17bn | EGP 8.58bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 4 May 2021, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2021-05-04
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