Egypt Treasury bills · auction of 28 November 2023
Egypt T-bill auction, 28 November 2023: 364-day at 26.62%, unchanged
At the Treasury bill auction dated 28 November 2023, the Central Bank of Egypt cleared the 91-day bill at 25.60% (up 2 basis points), the 182-day bill at 26.03% (up 1 basis point) and the 364-day bill at 26.62% (unchanged). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 165.4bn against EGP 69.0bn on offer, 240% of the amount sought, and EGP 118.8bn was accepted.
At 26.62%, the 364-day rate is the highest in the 52 auctions of the past year.
A year earlier the 364-day bill cleared at 18.33%, so the government is paying 829 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 26,624 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 126,624 after 12 months: EGP 26,624 in interest before any withholding tax, about EGP 2,219 a month.
That is EGP 4 more than the same money would have earned at the previous auction.
For shorter money: EGP 13,015 on the 182-day bill (6 months), EGP 6,401 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 | 25.602% | 25.578% | EGP 22.50bn | EGP 127.36bn | EGP 113.32bn |
| 182-day | 26.029% | 26.018% | EGP 19.50bn | EGP 17.63bn | EGP 3.40bn |
| 364-day | 26.624% | 26.620% | EGP 27.00bn | EGP 20.46bn | EGP 2.11bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 28 November 2023, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2023-11-28
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