Egypt Treasury bills · auction of 25 April 2023
Egypt T-bill auction, 25 April 2023: 364-day at 23.48%, unchanged
At the Treasury bill auction dated 25 April 2023, the Central Bank of Egypt cleared the 91-day bill at 21.86% (up 31 basis points), the 182-day bill at 23.31% (up 10 basis points) and the 364-day bill at 23.48% (unchanged). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 134.5bn against EGP 62.5bn on offer, 215% of the amount sought, and EGP 46.6bn was accepted.
At 23.48%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 13.50%, so the government is paying 997 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 23,475 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 123,475 after 12 months: EGP 23,475 in interest before any withholding tax, about EGP 1,956 a month.
That is EGP 4 more than the same money would have earned at the previous auction.
For shorter money: EGP 11,654 on the 182-day bill (6 months), EGP 5,465 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 | 21.858% | 21.546% | EGP 23.00bn | EGP 55.83bn | EGP 24.91bn |
| 182-day | 23.308% | 23.208% | EGP 16.50bn | EGP 45.64bn | EGP 19.29bn |
| 364-day | 23.475% | 23.471% | EGP 23.00bn | EGP 33.06bn | EGP 2.43bn |
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, 25 April 2023, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2023-04-25
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.