Egypt Treasury bills · auction of 12 November 2024
Egypt T-bill auction, 12 November 2024: 364-day at 26.24%, up 1 bps
At the Treasury bill auction dated 12 November 2024, the Central Bank of Egypt cleared the 91-day bill at 30.41% (up 21 basis points), the 182-day bill at 30.09% (up 17 basis points) and the 364-day bill at 26.24% (up 1 basis point). The rate shown is the weighted average yield of accepted bids.
Demand was strong: bids totalled EGP 164.8bn against EGP 100.0bn on offer, 165% of the amount sought, and EGP 69.0bn 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 26.48%, so the government is paying 24 basis points less 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 10 more than the same money would have earned at the previous auction.
For shorter money: EGP 15,047 on the 182-day bill (6 months), EGP 7,603 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 | 30.412% | 30.198% | EGP 40.00bn | EGP 68.58bn | EGP 46.94bn |
| 182-day | 30.094% | 29.923% | EGP 35.00bn | EGP 65.97bn | EGP 19.05bn |
| 364-day | 26.241% | 26.231% | EGP 25.00bn | EGP 30.20bn | EGP 2.99bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 12 November 2024, compiled from the Central Bank of Egypt. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-11-12
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