Malawi Treasury bills · auction of 5 November 2013
Malawi T-bill auction, 5 November 2013: 182-day at 26.50%, up 68 bps
At the Treasury bill auction dated 5 November 2013, the Reserve Bank of Malawi cleared the 182-day bill at 26.50% (up 68 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 338m and MWK 156m was accepted, 46% 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 132,500 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 1,132,500 after 6 months: MWK 132,500 in interest before any withholding tax, about MWK 22,083 a month.
That is MWK 3,400 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 | 26.500% | 25.820% | — | MWK 338m | MWK 156m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 5 November 2013, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2013-11-05
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