Mozambique Treasury bills · auction of 12 April 2017
Mozambique T-bill auction, 12 April 2017: 364-day at 28.22%, down 94 bps
At the Treasury bill auction dated 12 April 2017, the Banco de Moçambique cleared the 182-day bill at 28.18% (down 14 basis points) and the 364-day bill at 28.22% (down 94 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 4.7bn against MZN 6.0bn on offer, 78% of the amount sought, and MZN 4.5bn was accepted.
Over the past year the 364-day rate has ranged from 12.75% to 29.74%.
A year earlier the 364-day bill cleared at 11.30%, so the government is paying 1692 basis points more than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 28,220 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 128,220 after 12 months: MZN 28,220 in interest before any withholding tax, about MZN 2,352 a month.
That is MZN 940 less than the same money would have earned at the previous auction.
For shorter money: MZN 14,090 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 | 28.180% | 28.320% | MZN 2.00bn | MZN 575m | MZN 425m |
| 364-day | 28.220% | 29.160% | MZN 4.00bn | MZN 4.08bn | MZN 4.08bn |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 12 April 2017, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2017-04-12
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