Mozambique Treasury bills · auction of 28 September 2016
Mozambique T-bill auction, 28 September 2016: 91-day at 17.95%, up 71 bps
At the Treasury bill auction dated 28 September 2016, the Banco de Moçambique cleared the 91-day bill at 17.95% (up 71 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 315m against MZN 500m on offer, 63% of the amount sought, and MZN 315m was accepted.
At 17.95%, the 91-day rate is the highest in the 12 auctions of the past year.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 4,488 in 3 months on the 91-day bill
Put MZN 100,000 into the 91-day bill at this auction and you get back MZN 104,488 after 3 months: MZN 4,488 in interest before any withholding tax, about MZN 1,496 a month.
That is MZN 177 more than the same money would have earned at the previous auction.
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 | 17.950% | 17.241% | MZN 500m | MZN 315m | MZN 315m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 28 September 2016, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2016-09-28
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