Malawi Treasury bills · auction of 22 September 2015
Malawi T-bill auction, 22 September 2015: 364-day at 22.14%, up 132 bps
At the Treasury bill auction dated 22 September 2015, the Reserve Bank of Malawi cleared the 364-day bill at 22.14% (up 132 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 4.3bn and MWK 4.3bn was accepted, 100% of what was bid.
Over the past year the 364-day rate has ranged from 20.38% to 26.99%.
A year earlier the 364-day bill cleared at 20.50%, so the government is paying 164 basis points more than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 221,434 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 1,221,434 after 12 months: MWK 221,434 in interest before any withholding tax, about MWK 18,453 a month.
That is MWK 13,175 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 |
|---|---|---|---|---|---|
| 364-day | 22.143% | 20.826% | — | MWK 4.33bn | MWK 4.33bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 22 September 2015, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2015-09-22
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