Mozambique Treasury bills · auction of 28 December 2016
Mozambique T-bill auction, 28 December 2016: 91-day at 24.48%, down 15 bps
At the Treasury bill auction dated 28 December 2016, the Banco de Moçambique cleared the 91-day bill at 24.48% (down 15 basis points) and the 182-day bill at 27.35% (up 156 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 1.3bn against MZN 7.0bn on offer, 19% of the amount sought, and MZN 745m was accepted.
Over the past year the 91-day rate has ranged from 8.53% to 24.62%.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 13,675 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 113,675 after 6 months: MZN 13,675 in interest before any withholding tax, about MZN 2,279 a month.
That is MZN 781 more than the same money would have earned at the previous auction.
For shorter money: MZN 6,119 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 | 24.476% | 24.622% | MZN 4.50bn | MZN 845m | MZN 245m |
| 182-day | 27.350% | 25.787% | MZN 2.50bn | MZN 500m | MZN 500m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 28 December 2016, compiled from the Banco de Moçambique. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2016-12-28
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