Mozambique Treasury bills · auction of 7 August 2019
Mozambique T-bill auction, 7 August 2019: 364-day at 12.69%, down 3 bps
At the Treasury bill auction dated 7 August 2019, the Banco de Moçambique cleared the 91-day bill at 12.89% (down 1 basis point), the 182-day bill at 12.82% (unchanged) and the 364-day bill at 12.69% (down 3 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 18.5bn against MZN 18.5bn on offer, 100% of the amount sought, and MZN 16.1bn was accepted.
At 12.69%, the 364-day rate is the lowest in the 38 auctions of the past year.
A year earlier the 364-day bill cleared at 15.40%, so the government is paying 271 basis points less than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 12,690 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 112,690 after 12 months: MZN 12,690 in interest before any withholding tax, about MZN 1,057 a month.
That is MZN 30 less than the same money would have earned at the previous auction.
For shorter money: MZN 6,410 on the 182-day bill (6 months), MZN 3,223 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 | 12.890% | 12.900% | MZN 3.50bn | MZN 2.96bn | MZN 2.96bn |
| 182-day | 12.820% | 12.820% | MZN 5.00bn | MZN 3.15bn | MZN 3.15bn |
| 364-day | 12.690% | 12.720% | MZN 10.00bn | MZN 12.38bn | MZN 10.00bn |
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, 7 August 2019, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2019-08-07
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.