Mozambique Treasury bills · auction of 3 May 2017
Mozambique T-bill auction, 3 May 2017: 182-day at 27.18%, down 100 bps
At the Treasury bill auction dated 3 May 2017, the Banco de Moçambique cleared the 182-day bill at 27.18% (down 100 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 1.4bn against MZN 5.0bn on offer, 28% of the amount sought, and MZN 700m was accepted.
Over the past year the 182-day rate has ranged from 12.53% to 28.38%.
A year earlier the 182-day bill cleared at 11.03%, so the government is paying 1615 basis points more than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 13,590 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 113,590 after 6 months: MZN 13,590 in interest before any withholding tax, about MZN 2,265 a month.
That is MZN 500 less 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 |
|---|---|---|---|---|---|
| 182-day | 27.180% | 28.180% | MZN 5.00bn | MZN 1.39bn | MZN 700m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 3 May 2017, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2017-05-03
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