Egypt Treasury bills · auction of 8 August 2023
Egypt T-bill auction, 8 August 2023: 364-day at 24.08%, down 2 bps
At the Treasury bill auction dated 8 August 2023, the Central Bank of Egypt cleared the 91-day bill at 24.19% (up 64 basis points), the 182-day bill at 24.23% (unchanged) and the 364-day bill at 24.08% (down 2 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 122.7bn against EGP 66.0bn on offer, 186% of the amount sought, and EGP 94.7bn was accepted.
Over the past year the 364-day rate has ranged from 16.47% to 24.14%.
A year earlier the 364-day bill cleared at 16.29%, so the government is paying 779 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 24,078 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 124,078 after 12 months: EGP 24,078 in interest before any withholding tax, about EGP 2,007 a month.
That is EGP 17 less than the same money would have earned at the previous auction.
For shorter money: EGP 12,113 on the 182-day bill (6 months), EGP 6,048 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 | 24.190% | 23.553% | EGP 23.00bn | EGP 43.76bn | EGP 38.25bn |
| 182-day | 24.225% | 24.221% | EGP 19.00bn | EGP 33.09bn | EGP 22.42bn |
| 364-day | 24.078% | 24.095% | EGP 24.00bn | EGP 45.80bn | EGP 33.99bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 8 August 2023, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2023-08-08
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