Mozambique Treasury bills · auction of 2 March 2016
Mozambique T-bill auction, 2 March 2016: 364-day at 10.70%, up 112 bps
At the Treasury bill auction dated 2 March 2016, the Banco de Moçambique cleared the 182-day bill at 10.14% (up 62 basis points) and the 364-day bill at 10.70% (up 112 basis points). The rate shown is the weighted average subscription rate.
The auction was fully subscribed: bids totalled MZN 4.1bn against MZN 4.0bn on offer, 102% of the amount sought, and MZN 3.3bn was accepted.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 10,700 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 110,700 after 12 months: MZN 10,700 in interest before any withholding tax, about MZN 892 a month.
That is MZN 1,122 more than the same money would have earned at the previous auction.
For shorter money: MZN 5,070 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 | 10.139% | 9.518% | MZN 3.00bn | MZN 3.27bn | MZN 3.00bn |
| 364-day | 10.700% | 9.578% | MZN 1.00bn | MZN 800m | MZN 300m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 2 March 2016, compiled from the Banco de Moçambique. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2016-03-02
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