Mozambique Treasury bills · auction of 19 June 2019
Mozambique T-bill auction, 19 June 2019: 364-day at 13.00%, unchanged
At the Treasury bill auction dated 19 June 2019, the Banco de Moçambique cleared the 91-day bill at 13.30% (down 1 basis point), the 182-day bill at 13.28% (unchanged) and the 364-day bill at 13.00% (unchanged). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 2.1bn against MZN 2.5bn on offer, 84% of the amount sought, and MZN 2.0bn was accepted.
At 13.00%, the 364-day rate is the lowest in the 42 auctions of the past year.
A year earlier the 364-day bill cleared at 15.87%, so the government is paying 287 basis points less than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 13,000 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 113,000 after 12 months: MZN 13,000 in interest before any withholding tax, about MZN 1,083 a month.
That is the same as at the previous auction.
For shorter money: MZN 6,640 on the 182-day bill (6 months), MZN 3,325 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 | 13.300% | 13.310% | MZN 500m | MZN 390m | MZN 390m |
| 182-day | 13.280% | 13.280% | MZN 1.00bn | MZN 620m | MZN 620m |
| 364-day | 13.000% | 13.000% | MZN 1.00bn | MZN 1.08bn | MZN 1.00bn |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 19 June 2019, compiled from the Banco de Moçambique. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2019-06-19
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