Egypt Treasury bills · auction of 1 November 2022
Egypt T-bill auction, 1 November 2022: 364-day at 18.00%, up 2 bps
At the Treasury bill auction dated 1 November 2022, the Central Bank of Egypt cleared the 91-day bill at 16.78% (up 60 basis points), the 182-day bill at 16.98% (up 7 basis points) and the 364-day bill at 18.00% (up 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 71.8bn against EGP 34.5bn on offer, 208% of the amount sought, and EGP 8.8bn was accepted.
At 18.00%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 13.18%, so the government is paying 482 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,001 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 118,001 after 12 months: EGP 18,001 in interest before any withholding tax, about EGP 1,500 a month.
That is EGP 24 more than the same money would have earned at the previous auction.
For shorter money: EGP 8,490 on the 182-day bill (6 months), EGP 4,196 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 | 16.782% | 16.182% | EGP 8.00bn | EGP 32.33bn | EGP 8.00bn |
| 182-day | 16.980% | 16.907% | EGP 5.00bn | EGP 8.16bn | EGP 260m |
| 364-day | 18.001% | 17.977% | EGP 21.50bn | EGP 31.35bn | EGP 526m |
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, 1 November 2022, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2022-11-01
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.