Egypt Treasury bills · auction of 1 March 2022
Egypt T-bill auction, 1 March 2022: 364-day at 13.20%, down 2 bps
At the Treasury bill auction dated 1 March 2022, the Central Bank of Egypt cleared the 91-day bill at 11.32% (unchanged), the 182-day bill at 12.07% (down 2 basis points) and the 364-day bill at 13.20% (down 2 basis points). The rate shown is the weighted average yield of accepted bids.
The auction was fully subscribed: bids totalled EGP 26.2bn against EGP 21.5bn on offer, 122% of the amount sought, and EGP 8.7bn was accepted.
Over the past year the 364-day rate has ranged from 12.99% to 13.38%.
A year earlier the 364-day bill cleared at 13.23%, so the government is paying 2 basis points less than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,204 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 113,204 after 12 months: EGP 13,204 in interest before any withholding tax, about EGP 1,100 a month.
That is EGP 17 less than the same money would have earned at the previous auction.
For shorter money: EGP 6,037 on the 182-day bill (6 months), EGP 2,831 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 | 11.325% | 11.325% | EGP 2.50bn | EGP 6.64bn | EGP 3.96bn |
| 182-day | 12.073% | 12.097% | EGP 12.50bn | EGP 6.61bn | EGP 346m |
| 364-day | 13.204% | 13.221% | EGP 6.50bn | EGP 12.99bn | EGP 4.42bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 1 March 2022, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2022-03-01
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