Malawi Treasury bills · auction of 24 September 2013
Malawi T-bill auction, 24 September 2013: 182-day at 18.52%, up 78 bps
At the Treasury bill auction dated 24 September 2013, the Reserve Bank of Malawi cleared the 182-day bill at 18.52% (up 78 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 1.6bn and MWK 1.4bn was accepted, 90% of what was bid.
Over the past year the 182-day rate has ranged from 17.01% to 32.93%.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 92,600 in 6 months on the 182-day bill
Put MWK 1,000,000 into the 182-day bill at this auction and you get back MWK 1,092,600 after 6 months: MWK 92,600 in interest before any withholding tax, about MWK 15,433 a month.
That is MWK 3,900 more than the same money would have earned at the previous auction.
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 |
|---|---|---|---|---|---|
| 182-day | 18.520% | 17.740% | — | MWK 1.59bn | MWK 1.43bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 24 September 2013, compiled from the Reserve Bank of Malawi. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2013-09-24
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