Malawi Treasury bills · auction of 3 December 2013
Malawi T-bill auction, 3 December 2013: 364-day at 34.43%, up 212 bps
At the Treasury bill auction dated 3 December 2013, the Reserve Bank of Malawi cleared the 182-day bill at 30.98% (up 208 basis points) and the 364-day bill at 34.43% (up 212 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 1.0bn and MWK 1.0bn 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 344,300 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 1,344,300 after 12 months: MWK 344,300 in interest before any withholding tax, about MWK 28,692 a month.
That is MWK 21,200 more than the same money would have earned at the previous auction.
For shorter money: MWK 154,900 on the 182-day bill (6 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 |
|---|---|---|---|---|---|
| 182-day | 30.980% | 28.900% | — | MWK 211m | MWK 211m |
| 364-day | 34.430% | 32.310% | — | MWK 812m | MWK 812m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 3 December 2013, compiled from the Reserve Bank of Malawi. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2013-12-03
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