Malawi Treasury bills · auction of 27 September 2018
Malawi T-bill auction, 27 September 2018: 182-day at 14.50%, unchanged
At the Treasury bill auction dated 27 September 2018, the Reserve Bank of Malawi cleared the 182-day bill at 14.50% (unchanged). The rate shown is the average yield of allotted bids.
Bids totalled MWK 1.0bn and MWK 1.0bn was accepted, 100% of what was bid.
Over the past year the 182-day rate has ranged from 14.18% to 15.50%.
A year earlier the 182-day bill cleared at 15.50%, so the government is paying 100 basis points less than twelve months ago.
What this means for MWK 1,000,000
Worked from the published rate · information, not advice
MWK 72,500 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 1,072,500 after 6 months: MWK 72,500 in interest before any withholding tax, about MWK 12,083 a month.
That is MWK 1 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 | 14.500% | 14.500% | — | MWK 1.00bn | MWK 1.00bn |
Source: Reserve Bank of Malawi result · average yield of allotted bids
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Afronomics (2026). Malawi Treasury bill auction, 27 September 2018, compiled from the Reserve Bank of Malawi. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/malawi/2018-09-27
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