Mozambique Treasury bills · auction of 13 May 2018
Mozambique T-bill auction, 13 May 2018: 364-day at 15.85%, down 5 bps
At the Treasury bill auction dated 13 May 2018, the Banco de Moçambique cleared the 91-day bill at 16.00% (down 6 basis points), the 182-day bill at 16.00% (down 5 basis points) and the 364-day bill at 15.85% (down 5 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 1.9bn against MZN 3.5bn on offer, 54% of the amount sought, and MZN 1.9bn was accepted.
At 15.85%, the 364-day rate is the lowest in the 49 auctions of the past year.
A year earlier the 364-day bill cleared at 27.82%, so the government is paying 1197 basis points less than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 15,850 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 115,850 after 12 months: MZN 15,850 in interest before any withholding tax, about MZN 1,321 a month.
That is MZN 50 less than the same money would have earned at the previous auction.
For shorter money: MZN 8,000 on the 182-day bill (6 months), MZN 4,000 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 | 16.000% | 16.060% | MZN 500m | MZN 401m | MZN 401m |
| 182-day | 16.000% | 16.050% | MZN 1.50bn | MZN 50m | MZN 25m |
| 364-day | 15.850% | 15.900% | MZN 1.50bn | MZN 1.45bn | MZN 1.45bn |
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, 13 May 2018, compiled from the Banco de Moçambique. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2018-05-13
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.