Egypt Treasury bills · auction of 3 May 2022
Egypt T-bill auction, 3 May 2022: 364-day at 13.63%, up 21 bps
At the Treasury bill auction dated 3 May 2022, the Central Bank of Egypt cleared the 91-day bill at 13.00% (down 2 basis points), the 182-day bill at 13.62% (up 15 basis points) and the 364-day bill at 13.63% (up 21 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 61.0bn against EGP 33.5bn on offer, 182% of the amount sought, and EGP 3.3bn was accepted.
At 13.63%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 13.38%, so the government is paying 25 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 13,627 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 113,627 after 12 months: EGP 13,627 in interest before any withholding tax, about EGP 1,136 a month.
That is EGP 214 more than the same money would have earned at the previous auction.
For shorter money: EGP 6,811 on the 182-day bill (6 months), EGP 3,250 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 | 12.999% | 13.020% | EGP 13.00bn | EGP 27.00bn | EGP 547m |
| 182-day | 13.623% | 13.468% | EGP 12.50bn | EGP 21.64bn | EGP 2.73bn |
| 364-day | 13.627% | 13.413% | EGP 8.00bn | EGP 12.41bn | EGP 63m |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 3 May 2022, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2022-05-03
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