Mozambique Treasury bills · auction of 10 August 2016
Mozambique T-bill auction, 10 August 2016: 91-day at 17.02%, up 36 bps
At the Treasury bill auction dated 10 August 2016, the Banco de Moçambique cleared the 91-day bill at 17.02% (up 36 basis points) and the 182-day bill at 17.18% (up 146 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 4.7bn against MZN 5.0bn on offer, 93% of the amount sought, and MZN 4.5bn was accepted.
At 17.02%, the 91-day rate is the highest in the 10 auctions of the past year.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 8,588 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 108,588 after 6 months: MZN 8,588 in interest before any withholding tax, about MZN 1,431 a month.
That is MZN 732 more than the same money would have earned at the previous auction.
For shorter money: MZN 4,254 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 | 17.015% | 16.652% | MZN 4.00bn | MZN 4.16bn | MZN 4.00bn |
| 182-day | 17.175% | 15.711% | MZN 1.00bn | MZN 500m | MZN 500m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 10 August 2016, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2016-08-10
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