Mozambique Treasury bills · auction of 2 February 2016
Mozambique T-bill auction, 2 February 2016: 364-day at 9.58%, up 65 bps
At the Treasury bill auction dated 2 February 2016, the Banco de Moçambique cleared the 182-day bill at 9.43% (up 22 basis points) and the 364-day bill at 9.58% (up 65 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 3.7bn against MZN 5.5bn on offer, 66% of the amount sought, and MZN 3.6bn was accepted.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 9,578 in 12 months on the 364-day bill
Put MZN 100,000 into the 364-day bill at this auction and you get back MZN 109,578 after 12 months: MZN 9,578 in interest before any withholding tax, about MZN 798 a month.
That is MZN 649 more than the same money would have earned at the previous auction.
For shorter money: MZN 4,713 on the 182-day bill (6 months).
The government pays the full amount at maturity; the risk is Mozambique’s government not paying, and the money is locked until then.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 182-day | 9.425% | 9.202% | MZN 4.00bn | MZN 2.92bn | MZN 2.92bn |
| 364-day | 9.578% | 8.929% | MZN 1.50bn | MZN 735m | MZN 635m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 2 February 2016, compiled from the Banco de Moçambique. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2016-02-02
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