Malawi Treasury bills · auction of 24 December 2013
Malawi T-bill auction, 24 December 2013: 91-day at 31.39%, down 42 bps
At the Treasury bill auction dated 24 December 2013, the Reserve Bank of Malawi cleared the 91-day bill at 31.39% (down 42 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 1.2bn and MWK 1.1bn was accepted, 92% of what was bid.
Over the past year the 91-day rate has ranged from 15.50% to 31.98%.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 78,475 in 3 months on the 91-day bill
Put MWK 1,000,000 into the 91-day bill at this auction and you get back MWK 1,078,475 after 3 months: MWK 78,475 in interest before any withholding tax, about MWK 26,158 a month.
That is MWK 1,050 less 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 |
|---|---|---|---|---|---|
| 91-day | 31.390% | 31.810% | — | MWK 1.16bn | MWK 1.07bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 24 December 2013, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2013-12-24
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