Mozambique Treasury bills · auction of 15 April 2020
Mozambique T-bill auction, 15 April 2020: 364-day at 10.96%, down 1 bps
At the Treasury bill auction dated 15 April 2020, the Banco de Moçambique cleared the 91-day bill at 10.63% (down 4 basis points), the 182-day bill at 11.00% (down 1 basis point) and the 364-day bill at 10.96% (down 1 basis point). The rate shown is the weighted average subscription rate.
Demand was strong: bids totalled MZN 3.7bn against MZN 2.5bn on offer, 150% of the amount sought, and MZN 2.5bn was accepted.
At 10.96%, the 364-day rate is the lowest in the 25 auctions of the past year.
A year earlier the 364-day bill cleared at 13.00%, so the government is paying 204 basis points less than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 10,960 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 110,960 after 12 months: MZN 10,960 in interest before any withholding tax, about MZN 913 a month.
That is MZN 10 less than the same money would have earned at the previous auction.
For shorter money: MZN 5,500 on the 182-day bill (6 months), MZN 2,658 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 | 10.630% | 10.670% | MZN 750m | MZN 1.05bn | MZN 750m |
| 182-day | 11.000% | 11.010% | MZN 700m | MZN 1.08bn | MZN 700m |
| 364-day | 10.960% | 10.970% | MZN 1.00bn | MZN 1.56bn | MZN 1.00bn |
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, 15 April 2020, compiled from the Banco de Moçambique. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2020-04-15
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.