Egypt Treasury bills · auction of 13 September 2022
Egypt T-bill auction, 13 September 2022: 364-day at 16.87%, down 1 bps
At the Treasury bill auction dated 13 September 2022, the Central Bank of Egypt cleared the 91-day bill at 15.45% (down 40 basis points), the 182-day bill at 16.11% (down 28 basis points) and the 364-day bill at 16.87% (down 1 basis point). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 230.5bn against EGP 45.0bn on offer, 512% of the amount sought, and EGP 125.9bn was accepted.
Over the past year the 364-day rate has ranged from 13.03% to 16.88%.
A year earlier the 364-day bill cleared at 12.99%, so the government is paying 388 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 16,870 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 116,870 after 12 months: EGP 16,870 in interest before any withholding tax, about EGP 1,406 a month.
That is EGP 8 less than the same money would have earned at the previous auction.
For shorter money: EGP 8,053 on the 182-day bill (6 months), EGP 3,864 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 | 15.454% | 15.857% | EGP 14.00bn | EGP 80.81bn | EGP 58.74bn |
| 182-day | 16.106% | 16.383% | EGP 15.00bn | EGP 113.50bn | EGP 46.91bn |
| 364-day | 16.870% | 16.878% | EGP 16.00bn | EGP 36.18bn | EGP 20.29bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 13 September 2022, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2022-09-13
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