Egypt Treasury bills · auction of 2 April 2024
Egypt T-bill auction, 2 April 2024: 364-day at 25.90%, down 235 bps
At the Treasury bill auction dated 2 April 2024, the Central Bank of Egypt cleared the 91-day bill at 24.98% (down 61 basis points), the 182-day bill at 25.75% (down 198 basis points) and the 364-day bill at 25.90% (down 235 basis points). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 252.2bn against EGP 100.0bn on offer, 252% of the amount sought, and EGP 100.3bn was accepted.
Over the past year the 364-day rate has ranged from 23.20% to 32.30%.
A year earlier the 364-day bill cleared at 22.55%, so the government is paying 336 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 25,901 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 125,901 after 12 months: EGP 25,901 in interest before any withholding tax, about EGP 2,158 a month.
That is EGP 2,352 less than the same money would have earned at the previous auction.
For shorter money: EGP 12,873 on the 182-day bill (6 months), EGP 6,246 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 | 24.984% | 25.596% | EGP 40.00bn | EGP 64.11bn | EGP 40.31bn |
| 182-day | 25.745% | 27.723% | EGP 35.00bn | EGP 77.09bn | EGP 35.00bn |
| 364-day | 25.901% | 28.253% | EGP 25.00bn | EGP 111.03bn | EGP 25.00bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Central Bank of Egypt” and a link to this page.
Afronomics (2026). Egypt Treasury bill auction, 2 April 2024, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-04-02
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.