Egypt Treasury bills · auction of 20 July 2021
Egypt T-bill auction, 20 July 2021: 364-day at 13.28%, unchanged
At the Treasury bill auction dated 20 July 2021, the Central Bank of Egypt cleared the 91-day bill at 13.11% (down 1 basis point), the 182-day bill at 13.25% (down 8 basis points) and the 364-day bill at 13.28% (unchanged). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 66.8bn against EGP 27.0bn on offer, 247% of the amount sought, and EGP 36.8bn was accepted.
Over the past year the 364-day rate has ranged from 12.67% to 13.84%.
A year earlier the 364-day bill cleared at 13.61%, so the government is paying 33 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,283 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 113,283 after 12 months: EGP 13,283 in interest before any withholding tax, about EGP 1,107 a month.
That is the same as at the previous auction.
For shorter money: EGP 6,624 on the 182-day bill (6 months), EGP 3,279 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 | 13.114% | 13.122% | EGP 6.00bn | EGP 10.93bn | EGP 7.82bn |
| 182-day | 13.247% | 13.324% | EGP 6.00bn | EGP 24.63bn | EGP 8.24bn |
| 364-day | 13.283% | 13.283% | EGP 15.00bn | EGP 31.23bn | EGP 20.73bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 20 July 2021, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2021-07-20
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