Mozambique Treasury bills · auction of 22 November 2017
Mozambique T-bill auction, 22 November 2017: 364-day at 25.38%, down 31 bps
At the Treasury bill auction dated 22 November 2017, the Banco de Moçambique cleared the 364-day bill at 25.38% (down 31 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 45m against MZN 2.5bn on offer, 2% of the amount sought, and MZN 5m was accepted.
At 25.38%, the 364-day rate is the lowest in the 35 auctions of the past year.
A year earlier the 364-day bill cleared at 13.50%, so the government is paying 1188 basis points more than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 25,380 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 125,380 after 12 months: MZN 25,380 in interest before any withholding tax, about MZN 2,115 a month.
That is MZN 310 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 |
|---|---|---|---|---|---|
| 364-day | 25.380% | 25.690% | MZN 2.50bn | MZN 45m | MZN 5m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 22 November 2017, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2017-11-22
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