Mozambique Treasury bills · auction of 9 March 2016
Mozambique T-bill auction, 9 March 2016: 91-day at 10.26%, up 126 bps
At the Treasury bill auction dated 9 March 2016, the Banco de Moçambique cleared the 91-day bill at 10.26% (up 126 basis points) and the 182-day bill at 10.81% (up 67 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 3.8bn against MZN 5.2bn on offer, 72% of the amount sought, and MZN 3.8bn was accepted.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 5,405 in 6 months on the 182-day bill
Put MZN 100,000 into the 182-day bill at this auction and you get back MZN 105,405 after 6 months: MZN 5,405 in interest before any withholding tax, about MZN 901 a month.
That is MZN 336 more than the same money would have earned at the previous auction.
For shorter money: MZN 2,565 on the 91-day bill (3 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 |
|---|---|---|---|---|---|
| 91-day | 10.261% | 9.005% | MZN 3.23bn | MZN 3.23bn | MZN 3.23bn |
| 182-day | 10.811% | 10.139% | MZN 2.00bn | MZN 550m | MZN 550m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 9 March 2016, compiled from the Banco de Moçambique. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2016-03-09
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