Mozambique Treasury bills · auction of 30 August 2017
Mozambique T-bill auction, 30 August 2017: 364-day at 26.75%, down 14 bps
At the Treasury bill auction dated 30 August 2017, the Banco de Moçambique cleared the 91-day bill at 24.80% (down 35 basis points), the 182-day bill at 25.15% (down 34 basis points) and the 364-day bill at 26.75% (down 14 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 710m against MZN 5.0bn on offer, 14% of the amount sought, and MZN 660m was accepted.
At 26.75%, the 364-day rate is the lowest in the 23 auctions of the past year.
A year earlier the 364-day bill cleared at 13.50%, so the government is paying 1325 basis points more than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 26,750 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 126,750 after 12 months: MZN 26,750 in interest before any withholding tax, about MZN 2,229 a month.
That is MZN 140 less than the same money would have earned at the previous auction.
For shorter money: MZN 12,575 on the 182-day bill (6 months), MZN 6,200 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 | 24.800% | 25.150% | MZN 1.00bn | MZN 370m | MZN 320m |
| 182-day | 25.150% | 25.490% | MZN 3.00bn | MZN 40m | MZN 40m |
| 364-day | 26.750% | 26.890% | MZN 1.00bn | MZN 300m | MZN 300m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 30 August 2017, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2017-08-30
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