Egypt Treasury bills · auction of 30 May 2023
Egypt T-bill auction, 30 May 2023: 364-day at 23.80%, up 2 bps
At the Treasury bill auction dated 30 May 2023, the Central Bank of Egypt cleared the 91-day bill at 22.90% (up 20 basis points), the 182-day bill at 23.84% (up 7 basis points) and the 364-day bill at 23.80% (up 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 132.3bn against EGP 62.0bn on offer, 213% of the amount sought, and EGP 83.3bn was accepted.
At 23.80%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 13.64%, so the government is paying 1017 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 23,803 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 123,803 after 12 months: EGP 23,803 in interest before any withholding tax, about EGP 1,984 a month.
That is EGP 21 more than the same money would have earned at the previous auction.
For shorter money: EGP 11,922 on the 182-day bill (6 months), EGP 5,725 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 | 22.901% | 22.704% | EGP 22.50bn | EGP 52.59bn | EGP 37.17bn |
| 182-day | 23.844% | 23.773% | EGP 16.00bn | EGP 51.93bn | EGP 39.12bn |
| 364-day | 23.803% | 23.782% | EGP 23.50bn | EGP 27.80bn | EGP 6.99bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 30 May 2023, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2023-05-30
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