Malawi Treasury bills · auction of 28 May 2013
Malawi T-bill auction, 28 May 2013: 364-day at 35.87%
At the Treasury bill auction dated 28 May 2013, the Reserve Bank of Malawi cleared the 91-day bill at 31.98%, the 182-day bill at 32.23% and the 364-day bill at 35.87%. The rate shown is the average yield of allotted bids.
Bids totalled MWK 6.3bn and MWK 6.0bn was accepted, 95% of what was bid.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 358,700 in 12 months on the 364-day bill
Put MWK 1,000,000 into the 364-day bill at this auction and you get back MWK 1,358,700 after 12 months: MWK 358,700 in interest before any withholding tax, about MWK 29,892 a month.
For shorter money: MWK 161,150 on the 182-day bill (6 months), MWK 79,950 on the 91-day bill (3 months).
The government pays the full amount at maturity; the risk is Malawi’s government not paying, and the money is locked until then.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 91-day | 31.980% | — | — | MWK 1.58bn | MWK 1.26bn |
| 182-day | 32.230% | — | — | MWK 3.21bn | MWK 3.21bn |
| 364-day | 35.870% | — | — | MWK 1.51bn | MWK 1.51bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 28 May 2013, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2013-05-28
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