Egypt Treasury bills · auction of 4 October 2022
Egypt T-bill auction, 4 October 2022: 364-day at 17.32%, down 1 bps
At the Treasury bill auction dated 4 October 2022, the Central Bank of Egypt cleared the 91-day bill at 15.87% (down 2 basis points), the 182-day bill at 16.41% (down 5 basis points) and the 364-day bill at 17.32% (down 1 basis point). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 180.7bn against EGP 34.5bn on offer, 524% of the amount sought, and EGP 96.7bn was accepted.
Over the past year the 364-day rate has ranged from 13.11% to 17.32%.
A year earlier the 364-day bill cleared at 13.03%, so the government is paying 429 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 17,318 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 117,318 after 12 months: EGP 17,318 in interest before any withholding tax, about EGP 1,443 a month.
That is EGP 7 less than the same money would have earned at the previous auction.
For shorter money: EGP 8,206 on the 182-day bill (6 months), EGP 3,969 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 | 15.874% | 15.891% | EGP 8.00bn | EGP 86.24bn | EGP 44.96bn |
| 182-day | 16.411% | 16.458% | EGP 5.00bn | EGP 38.13bn | EGP 28.16bn |
| 364-day | 17.318% | 17.325% | EGP 21.50bn | EGP 56.38bn | EGP 23.58bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 4 October 2022, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2022-10-04
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