Mozambique Treasury bills · auction of 23 March 2016
Mozambique T-bill auction, 23 March 2016: 364-day at 11.10%, up 40 bps
At the Treasury bill auction dated 23 March 2016, the Banco de Moçambique cleared the 182-day bill at 10.99% (up 18 basis points) and the 364-day bill at 11.10% (up 40 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 2.6bn against MZN 5.0bn on offer, 53% of the amount sought, and MZN 1.8bn was accepted.
At 11.10%, the 364-day rate is the highest in the 4 auctions of the past year.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 11,100 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 111,100 after 12 months: MZN 11,100 in interest before any withholding tax, about MZN 925 a month.
That is MZN 400 more than the same money would have earned at the previous auction.
For shorter money: MZN 5,494 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 | 10.987% | 10.811% | MZN 3.00bn | MZN 2.02bn | MZN 1.48bn |
| 364-day | 11.100% | 10.700% | MZN 2.00bn | MZN 600m | MZN 300m |
Source: Banco de Moçambique result · weighted average subscription rate
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Banco de Moçambique” and a link to this page.
Afronomics (2026). Mozambique Treasury bill auction, 23 March 2016, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2016-03-23
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.