Egypt Treasury bills · auction of 18 October 2022
Egypt T-bill auction, 18 October 2022: 364-day at 17.70%, up 26 bps
At the Treasury bill auction dated 18 October 2022, the Central Bank of Egypt cleared the 91-day bill at 16.03% (up 13 basis points), the 182-day bill at 16.69% (up 22 basis points) and the 364-day bill at 17.70% (up 26 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 128.5bn against EGP 34.5bn on offer, 372% of the amount sought, and EGP 53.5bn was accepted.
At 17.70%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 13.11%, so the government is paying 459 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 17,702 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 117,702 after 12 months: EGP 17,702 in interest before any withholding tax, about EGP 1,475 a month.
That is EGP 257 more than the same money would have earned at the previous auction.
For shorter money: EGP 8,347 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% | 15.891% | EGP 8.00bn | EGP 62.55bn | EGP 43.56bn |
| 182-day | 16.693% | 16.472% | EGP 5.00bn | EGP 27.85bn | EGP 5.52bn |
| 364-day | 17.702% | 17.445% | EGP 21.50bn | EGP 38.06bn | EGP 4.45bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Central Bank of Egypt” and a link to this page.
Afronomics (2026). Egypt Treasury bill auction, 18 October 2022, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2022-10-18
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.