Malawi Treasury bills · auction of 15 September 2015
Malawi T-bill auction, 15 September 2015: 182-day at 19.98%, up 25 bps
At the Treasury bill auction dated 15 September 2015, the Reserve Bank of Malawi cleared the 182-day bill at 19.98% (up 25 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 6.3bn and MWK 6.3bn was accepted, 100% of what was bid.
Over the past year the 182-day rate has ranged from 19.73% to 27.00%.
A year earlier the 182-day bill cleared at 20.39%, so the government is paying 41 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 99,881 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 1,099,881 after 6 months: MWK 99,881 in interest before any withholding tax, about MWK 16,647 a month.
That is MWK 1,254 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 | 19.976% | 19.726% | — | MWK 6.31bn | MWK 6.31bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 15 September 2015, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2015-09-15
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