Malawi Treasury bills · auction of 12 November 2013
Malawi T-bill auction, 12 November 2013: 91-day at 25.00%, up 950 bps
At the Treasury bill auction dated 12 November 2013, the Reserve Bank of Malawi cleared the 91-day bill at 25.00% (up 950 basis points) and the 182-day bill at 26.50% (unchanged). The rate shown is the average yield of allotted bids.
Bids totalled MWK 1.7bn and MWK 1.1bn was accepted, 64% of what was bid.
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 the same as at the previous auction.
For shorter money: MWK 62,500 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 | 25.000% | 15.500% | — | MWK 1.33bn | MWK 729m |
| 182-day | 26.500% | 26.500% | — | MWK 355m | MWK 355m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 12 November 2013, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2013-11-12
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