Egypt Treasury bills · auction of 20 June 2023
Egypt T-bill auction, 20 June 2023: 364-day at 24.14%, up 13 bps
At the Treasury bill auction dated 20 June 2023, the Central Bank of Egypt cleared the 91-day bill at 23.25% (up 9 basis points), the 182-day bill at 24.09% (up 8 basis points) and the 364-day bill at 24.14% (up 13 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 129.0bn against EGP 62.5bn on offer, 206% of the amount sought, and EGP 77.7bn was accepted.
At 24.14%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 14.05%, so the government is paying 1009 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 24,144 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 124,144 after 12 months: EGP 24,144 in interest before any withholding tax, about EGP 2,012 a month.
That is EGP 129 more than the same money would have earned at the previous auction.
For shorter money: EGP 12,043 on the 182-day bill (6 months), EGP 5,812 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 | 23.248% | 23.161% | EGP 23.00bn | EGP 49.61bn | EGP 30.97bn |
| 182-day | 24.085% | 24.001% | EGP 16.50bn | EGP 40.08bn | EGP 26.71bn |
| 364-day | 24.144% | 24.015% | EGP 23.00bn | EGP 39.34bn | EGP 20.03bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 20 June 2023, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2023-06-20
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