Mozambique Treasury bills · auction of 4 May 2016
Mozambique T-bill auction, 4 May 2016: 364-day at 12.75%, up 145 bps
At the Treasury bill auction dated 4 May 2016, the Banco de Moçambique cleared the 182-day bill at 11.80% (up 77 basis points) and the 364-day bill at 12.75% (up 145 basis points). The rate shown is the weighted average subscription rate.
Demand was strong: bids totalled MZN 5.8bn against MZN 3.6bn on offer, 160% of the amount sought, and MZN 3.5bn was accepted.
At 12.75%, the 364-day rate is the highest in the 6 auctions of the past year.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 12,750 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 112,750 after 12 months: MZN 12,750 in interest before any withholding tax, about MZN 1,063 a month.
That is MZN 1,450 more than the same money would have earned at the previous auction.
For shorter money: MZN 5,900 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 | 11.800% | 11.030% | MZN 3.10bn | MZN 5.40bn | MZN 3.10bn |
| 364-day | 12.750% | 11.300% | MZN 500m | MZN 350m | MZN 350m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 4 May 2016, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2016-05-04
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