Mozambique Treasury bills · auction of 4 November 2020
Mozambique T-bill auction, 4 November 2020: 364-day at 7.72%, down 9 bps
At the Treasury bill auction dated 4 November 2020, the Banco de Moçambique cleared the 91-day bill at 7.90% (down 10 basis points), the 182-day bill at 7.87% (down 13 basis points) and the 364-day bill at 7.72% (down 9 basis points). The rate shown is the weighted average subscription rate.
Demand was strong: bids totalled MZN 5.3bn against MZN 2.0bn on offer, 265% of the amount sought, and MZN 2.0bn was accepted.
At 7.72%, the 364-day rate is the lowest in the 23 auctions of the past year.
A year earlier the 364-day bill cleared at 12.18%, so the government is paying 446 basis points less than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 7,720 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 107,720 after 12 months: MZN 7,720 in interest before any withholding tax, about MZN 643 a month.
That is MZN 90 less than the same money would have earned at the previous auction.
For shorter money: MZN 3,935 on the 182-day bill (6 months), MZN 1,975 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 | 7.900% | 8.000% | MZN 590m | MZN 2.08bn | MZN 590m |
| 182-day | 7.870% | 8.000% | MZN 475m | MZN 1.46bn | MZN 475m |
| 364-day | 7.720% | 7.810% | MZN 950m | MZN 1.81bn | MZN 950m |
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, 4 November 2020, compiled from the Banco de Moçambique. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2020-11-04
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.