Mozambique Treasury bills · auction of 21 June 2017
Mozambique T-bill auction, 21 June 2017: 364-day at 27.51%, up 7 bps
At the Treasury bill auction dated 21 June 2017, the Banco de Moçambique cleared the 91-day bill at 25.23% (up 9 basis points), the 182-day bill at 26.16% (up 2 basis points) and the 364-day bill at 27.51% (up 7 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 3.8bn against MZN 12.0bn on offer, 32% of the amount sought, and MZN 3.8bn was accepted.
Over the past year the 364-day rate has ranged from 13.50% to 29.74%.
A year earlier the 364-day bill cleared at 12.75%, so the government is paying 1476 basis points more than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 27,510 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 127,510 after 12 months: MZN 27,510 in interest before any withholding tax, about MZN 2,293 a month.
That is MZN 70 more than the same money would have earned at the previous auction.
For shorter money: MZN 13,080 on the 182-day bill (6 months), MZN 6,308 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 | 25.230% | 25.140% | MZN 4.00bn | MZN 700m | MZN 700m |
| 182-day | 26.160% | 26.140% | MZN 4.00bn | MZN 850m | MZN 850m |
| 364-day | 27.510% | 27.440% | MZN 4.00bn | MZN 2.29bn | MZN 2.29bn |
Source: Banco de Moçambique result · weighted average subscription rate
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Banco de Moçambique” and a link to this page.
Afronomics (2026). Mozambique Treasury bill auction, 21 June 2017, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2017-06-21
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.