Malawi Treasury bills · auction of 8 October 2013
Malawi T-bill auction, 8 October 2013: 364-day at 25.68%, up 320 bps
At the Treasury bill auction dated 8 October 2013, the Reserve Bank of Malawi cleared the 364-day bill at 25.68% (up 320 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 895m and MWK 895m was accepted, 100% of what was bid.
Over the past year the 364-day rate has ranged from 20.33% to 35.87%.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 256,800 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 1,256,800 after 12 months: MWK 256,800 in interest before any withholding tax, about MWK 21,400 a month.
That is MWK 32,000 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 |
|---|---|---|---|---|---|
| 364-day | 25.680% | 22.480% | — | MWK 895m | MWK 895m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 8 October 2013, compiled from the Reserve Bank of Malawi. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2013-10-08
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