Mozambique Treasury bills · auction of 9 August 2017
Mozambique T-bill auction, 9 August 2017: 364-day at 27.25%, down 17 bps
At the Treasury bill auction dated 9 August 2017, the Banco de Moçambique cleared the 91-day bill at 25.15% (down 20 basis points), the 182-day bill at 25.18% (down 107 basis points) and the 364-day bill at 27.25% (down 17 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 2.3bn against MZN 9.0bn on offer, 26% of the amount sought, and MZN 1.9bn was accepted.
Over the past year the 364-day rate has ranged from 27.11% to 29.74%.
A year earlier the 364-day bill cleared at 13.50%, so the government is paying 1375 basis points more than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 27,250 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 127,250 after 12 months: MZN 27,250 in interest before any withholding tax, about MZN 2,271 a month.
That is MZN 170 less than the same money would have earned at the previous auction.
For shorter money: MZN 12,590 on the 182-day bill (6 months), MZN 6,288 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 | 25.150% | 25.350% | MZN 3.00bn | MZN 1.53bn | MZN 1.53bn |
| 182-day | 25.180% | 26.250% | MZN 3.00bn | MZN 195m | MZN 195m |
| 364-day | 27.250% | 27.420% | MZN 3.00bn | MZN 600m | MZN 200m |
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, 9 August 2017, compiled from the Banco de Moçambique. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2017-08-09
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.