Egypt Treasury bills · auction of 27 July 2021
Egypt T-bill auction, 27 July 2021: 364-day at 13.31%, up 2 bps
At the Treasury bill auction dated 27 July 2021, the Central Bank of Egypt cleared the 91-day bill at 13.13% (up 1 basis point), the 182-day bill at 13.23% (down 2 basis points) and the 364-day bill at 13.31% (up 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 73.3bn against EGP 26.5bn on offer, 277% of the amount sought, and EGP 45.1bn 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 13.49%, so the government is paying 18 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,307 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 113,307 after 12 months: EGP 13,307 in interest before any withholding tax, about EGP 1,109 a month.
That is EGP 24 more than the same money would have earned at the previous auction.
For shorter money: EGP 6,613 on the 182-day bill (6 months), EGP 3,282 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 | 13.127% | 13.114% | EGP 6.50bn | EGP 22.87bn | EGP 11.69bn |
| 182-day | 13.226% | 13.247% | EGP 5.50bn | EGP 19.94bn | EGP 7.73bn |
| 364-day | 13.307% | 13.283% | EGP 14.50bn | EGP 30.47bn | EGP 25.71bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 27 July 2021, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2021-07-27
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