Egypt Treasury bills · auction of 7 September 2021
Egypt T-bill auction, 7 September 2021: 364-day at 12.99%, down 14 bps
At the Treasury bill auction dated 7 September 2021, the Central Bank of Egypt cleared the 91-day bill at 12.45% (down 18 basis points), the 182-day bill at 12.68% (down 12 basis points) and the 364-day bill at 12.99% (down 14 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 94.1bn against EGP 27.0bn on offer, 349% of the amount sought, and EGP 40.9bn was accepted.
Over the past year the 364-day rate has ranged from 12.67% to 13.68%.
A year earlier the 364-day bill cleared at 13.82%, so the government is paying 83 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 12,986 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 112,986 after 12 months: EGP 12,986 in interest before any withholding tax, about EGP 1,082 a month.
That is EGP 139 less than the same money would have earned at the previous auction.
For shorter money: EGP 6,342 on the 182-day bill (6 months), EGP 3,112 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 | 12.448% | 12.627% | EGP 6.50bn | EGP 18.38bn | EGP 6.50bn |
| 182-day | 12.683% | 12.801% | EGP 6.00bn | EGP 19.58bn | EGP 6.00bn |
| 364-day | 12.986% | 13.125% | EGP 14.50bn | EGP 56.17bn | EGP 28.40bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 7 September 2021, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2021-09-07
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