Egypt Treasury bills · auction of 17 December 2024
Egypt T-bill auction, 17 December 2024: 364-day at 26.24%, unchanged
At the Treasury bill auction dated 17 December 2024, the Central Bank of Egypt cleared the 91-day bill at 31.64% (up 22 basis points), the 182-day bill at 31.15% (up 15 basis points) 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 283.9bn against EGP 105.0bn on offer, 270% of the amount sought, and EGP 122.4bn 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 27.18%, so the government is paying 94 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 1 more than the same money would have earned at the previous auction.
For shorter money: EGP 15,575 on the 182-day bill (6 months), EGP 7,909 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 | 31.637% | 31.419% | EGP 40.00bn | EGP 111.87bn | EGP 41.65bn |
| 182-day | 31.150% | 30.996% | EGP 35.00bn | EGP 115.44bn | EGP 71.70bn |
| 364-day | 26.241% | 26.240% | EGP 30.00bn | EGP 56.56bn | EGP 9.03bn |
Source: Central Bank of Egypt result · weighted average yield of accepted bids
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Afronomics (2026). Egypt Treasury bill auction, 17 December 2024, compiled from the Central Bank of Egypt. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/egypt/2024-12-17
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