Egypt Treasury bills · auction of 1 August 2023
Egypt T-bill auction, 1 August 2023: 364-day at 24.09%, up 1 bps
At the Treasury bill auction dated 1 August 2023, the Central Bank of Egypt cleared the 91-day bill at 23.55% (up 4 basis points), the 182-day bill at 24.22% (up 1 basis point) and the 364-day bill at 24.09% (up 1 basis point). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 137.5bn against EGP 64.5bn on offer, 213% of the amount sought, and EGP 105.0bn was accepted.
Over the past year the 364-day rate has ranged from 16.38% to 24.14%.
A year earlier the 364-day bill cleared at 16.05%, so the government is paying 804 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 24,095 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 124,095 after 12 months: EGP 24,095 in interest before any withholding tax, about EGP 2,008 a month.
That is EGP 12 more than the same money would have earned at the previous auction.
For shorter money: EGP 12,111 on the 182-day bill (6 months), EGP 5,888 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 | 23.553% | 23.511% | EGP 22.50bn | EGP 68.90bn | EGP 63.80bn |
| 182-day | 24.221% | 24.213% | EGP 18.50bn | EGP 38.13bn | EGP 26.05bn |
| 364-day | 24.095% | 24.083% | EGP 23.50bn | EGP 30.43bn | EGP 15.18bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 1 August 2023, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2023-08-01
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