Egypt Treasury bills · auction of 17 September 2024
Egypt T-bill auction, 17 September 2024: 364-day at 26.24%, unchanged
At the Treasury bill auction dated 17 September 2024, the Central Bank of Egypt cleared the 91-day bill at 29.73% (down 8 basis points), the 182-day bill at 29.24% (down 1 basis point) and the 364-day bill at 26.24% (unchanged). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 289.0bn against EGP 100.0bn on offer, 289% of the amount sought, and EGP 111.2bn was accepted.
Over the past year the 364-day rate has ranged from 25.75% to 32.30%.
A year earlier the 364-day bill cleared at 25.54%, so the government is paying 70 basis points more than twelve months ago.
What this means for EGP 100,000
Worked from the published rate · information, not advice
EGP 26,241 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 126,241 after 12 months: EGP 26,241 in interest before any withholding tax, about EGP 2,187 a month.
That is EGP 5 less than the same money would have earned at the previous auction.
For shorter money: EGP 14,622 on the 182-day bill (6 months), EGP 7,431 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 | 29.725% | 29.809% | EGP 35.00bn | EGP 147.14bn | EGP 63.59bn |
| 182-day | 29.244% | 29.256% | EGP 35.00bn | EGP 104.80bn | EGP 46.46bn |
| 364-day | 26.241% | 26.246% | EGP 30.00bn | EGP 37.02bn | EGP 1.17bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 17 September 2024, compiled from the Central Bank of Egypt. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-09-17
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