Malawi Treasury bills · auction of 18 March 2014
Malawi T-bill auction, 18 March 2014: 182-day at 12.42%, down 1856 bps
At the Treasury bill auction dated 18 March 2014, the Reserve Bank of Malawi cleared the 182-day bill at 12.42% (down 1856 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 750m and MWK 750m was accepted, 100% of what was bid.
At 12.42%, the 182-day rate is the lowest in the 13 auctions of the past year.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 62,100 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 1,062,100 after 6 months: MWK 62,100 in interest before any withholding tax, about MWK 10,350 a month.
That is MWK 92,800 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 |
|---|---|---|---|---|---|
| 182-day | 12.420% | 30.980% | — | MWK 750m | MWK 750m |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 18 March 2014, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2014-03-18
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