Malawi Treasury bills · auction of 6 June 2017
Malawi T-bill auction, 6 June 2017: 364-day at 23.00%, down 14 bps
At the Treasury bill auction dated 6 June 2017, the Reserve Bank of Malawi cleared the 364-day bill at 23.00% (down 14 basis points). The rate shown is the average yield of allotted bids.
Bids totalled MWK 4.5bn and MWK 4.5bn was accepted, 100% of what was bid.
Over the past year the 364-day rate has ranged from 23.00% to 29.00%.
A year earlier the 364-day bill cleared at 29.00%, so the government is paying 600 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 230,007 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 1,230,007 after 12 months: MWK 230,007 in interest before any withholding tax, about MWK 19,167 a month.
That is MWK 1,442 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 |
|---|---|---|---|---|---|
| 364-day | 23.001% | 23.145% | — | MWK 4.50bn | MWK 4.50bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Reserve Bank of Malawi” and a link to this page.
Afronomics (2026). Malawi Treasury bill auction, 6 June 2017, compiled from the Reserve Bank of Malawi. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2017-06-06
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.