Mozambique Treasury bills · auction of 6 July 2016
Mozambique T-bill auction, 6 July 2016: 364-day at 13.50%, up 75 bps
At the Treasury bill auction dated 6 July 2016, the Banco de Moçambique cleared the 182-day bill at 13.48% (up 95 basis points) and the 364-day bill at 13.50% (up 75 basis points). The rate shown is the weighted average subscription rate.
The auction was fully subscribed: bids totalled MZN 1.2bn against MZN 1.1bn on offer, 112% of the amount sought, and MZN 630m was accepted.
At 13.50%, the 364-day rate is the highest in the 7 auctions of the past year.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 13,500 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 113,500 after 12 months: MZN 13,500 in interest before any withholding tax, about MZN 1,125 a month.
That is MZN 750 more than the same money would have earned at the previous auction.
For shorter money: MZN 6,740 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 | 13.480% | 12.533% | MZN 750m | MZN 1.10bn | MZN 505m |
| 364-day | 13.500% | 12.750% | MZN 350m | MZN 125m | MZN 125m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 6 July 2016, compiled from the Banco de Moçambique. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2016-07-06
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