Egypt Treasury bills · auction of 15 November 2022
Egypt T-bill auction, 15 November 2022: 364-day at 18.05%, down 1 bps
At the Treasury bill auction dated 15 November 2022, the Central Bank of Egypt cleared the 91-day bill at 17.91% (up 50 basis points), the 182-day bill at 18.07% (up 40 basis points) and the 364-day bill at 18.05% (down 1 basis point). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 129.5bn against EGP 34.5bn on offer, 375% of the amount sought, and EGP 85.1bn was accepted.
Over the past year the 364-day rate has ranged from 13.15% to 18.06%.
A year earlier the 364-day bill cleared at 13.25%, so the government is paying 480 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 18,049 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 118,049 after 12 months: EGP 18,049 in interest before any withholding tax, about EGP 1,504 a month.
That is EGP 11 less than the same money would have earned at the previous auction.
For shorter money: EGP 9,036 on the 182-day bill (6 months), EGP 4,477 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 | 17.908% | 17.406% | EGP 8.00bn | EGP 76.45bn | EGP 70.53bn |
| 182-day | 18.071% | 17.671% | EGP 5.00bn | EGP 21.50bn | EGP 12.22bn |
| 364-day | 18.049% | 18.060% | EGP 21.50bn | EGP 31.51bn | EGP 2.33bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 15 November 2022, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2022-11-15
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