Egypt Treasury bills · auction of 24 August 2021
Egypt T-bill auction, 24 August 2021: 364-day at 13.18%, down 9 bps
At the Treasury bill auction dated 24 August 2021, the Central Bank of Egypt cleared the 91-day bill at 12.84% (down 17 basis points), the 182-day bill at 12.98% (down 16 basis points) and the 364-day bill at 13.18% (down 9 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 95.6bn against EGP 26.5bn on offer, 361% of the amount sought, and EGP 49.3bn was accepted.
Over the past year the 364-day rate has ranged from 12.67% to 13.82%.
A year earlier the 364-day bill cleared at 13.82%, so the government is paying 63 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,182 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 113,182 after 12 months: EGP 13,182 in interest before any withholding tax, about EGP 1,099 a month.
That is EGP 92 less than the same money would have earned at the previous auction.
For shorter money: EGP 6,488 on the 182-day bill (6 months), EGP 3,210 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 | 12.840% | 13.011% | EGP 6.50bn | EGP 20.21bn | EGP 6.50bn |
| 182-day | 12.976% | 13.135% | EGP 5.50bn | EGP 28.89bn | EGP 5.50bn |
| 364-day | 13.182% | 13.274% | EGP 14.50bn | EGP 46.51bn | EGP 37.34bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 24 August 2021, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2021-08-24
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