Egypt Treasury bills · auction of 9 August 2022
Egypt T-bill auction, 9 August 2022: 364-day at 16.38%, up 9 bps
At the Treasury bill auction dated 9 August 2022, the Central Bank of Egypt cleared the 91-day bill at 16.03% (up 16 basis points), the 182-day bill at 16.00% (up 37 basis points) and the 364-day bill at 16.38% (up 9 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 96.7bn against EGP 45.0bn on offer, 215% of the amount sought, and EGP 66.0bn was accepted.
At 16.38%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 13.25%, so the government is paying 313 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 16,378 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 116,378 after 12 months: EGP 16,378 in interest before any withholding tax, about EGP 1,365 a month.
That is EGP 87 more than the same money would have earned at the previous auction.
For shorter money: EGP 8,001 on the 182-day bill (6 months), EGP 4,006 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 | 16.026% | 15.861% | EGP 15.00bn | EGP 42.37bn | EGP 31.61bn |
| 182-day | 16.001% | 15.634% | EGP 14.50bn | EGP 19.07bn | EGP 7.50bn |
| 364-day | 16.378% | 16.291% | EGP 15.50bn | EGP 35.23bn | EGP 26.88bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 9 August 2022, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2022-08-09
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