Egypt Treasury bills · auction of 16 January 2024
Egypt T-bill auction, 16 January 2024: 364-day at 27.66%, down 1 bps
At the Treasury bill auction dated 16 January 2024, the Central Bank of Egypt cleared the 91-day bill at 25.82% (up 11 basis points), the 182-day bill at 25.97% (unchanged) and the 364-day bill at 27.66% (down 1 basis point). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 212.8bn against EGP 110.0bn on offer, 193% of the amount sought, and EGP 141.7bn was accepted.
Over the past year the 364-day rate has ranged from 21.84% to 27.67%.
A year earlier the 364-day bill cleared at 20.89%, so the government is paying 678 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 27,661 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 127,661 after 12 months: EGP 27,661 in interest before any withholding tax, about EGP 2,305 a month.
That is EGP 8 less than the same money would have earned at the previous auction.
For shorter money: EGP 12,984 on the 182-day bill (6 months), EGP 6,456 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 | 25.822% | 25.713% | EGP 40.00bn | EGP 135.14bn | EGP 128.29bn |
| 182-day | 25.967% | 25.969% | EGP 35.00bn | EGP 32.18bn | EGP 4.88bn |
| 364-day | 27.661% | 27.669% | EGP 35.00bn | EGP 45.47bn | EGP 8.48bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 16 January 2024, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-01-16
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