Egypt Treasury bills · auction of 14 May 2024
Egypt T-bill auction, 14 May 2024: 364-day at 25.98%, up 1 bps
At the Treasury bill auction dated 14 May 2024, the Central Bank of Egypt cleared the 91-day bill at 25.97% (unchanged), the 182-day bill at 25.97% (down 2 basis points) and the 364-day bill at 25.98% (up 1 basis point). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 142.2bn against EGP 80.0bn on offer, 178% of the amount sought, and EGP 98.0bn was accepted.
Over the past year the 364-day rate has ranged from 23.47% to 32.30%.
A year earlier the 364-day bill cleared at 23.58%, so the government is paying 240 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 25,979 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 125,979 after 12 months: EGP 25,979 in interest before any withholding tax, about EGP 2,165 a month.
That is EGP 8 more than the same money would have earned at the previous auction.
For shorter money: EGP 12,987 on the 182-day bill (6 months), EGP 6,492 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 | 25.969% | 25.966% | EGP 30.00bn | EGP 65.56bn | EGP 48.47bn |
| 182-day | 25.974% | 25.997% | EGP 25.00bn | EGP 33.11bn | EGP 16.21bn |
| 364-day | 25.979% | 25.971% | EGP 25.00bn | EGP 43.57bn | EGP 33.31bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 14 May 2024, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-05-14
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