Mozambique Treasury bills · auction of 6 January 2021
Mozambique T-bill auction, 6 January 2021: 364-day at 7.30%, up 1 bps
At the Treasury bill auction dated 6 January 2021, the Banco de Moçambique cleared the 182-day bill at 7.30% (down 20 basis points) and the 364-day bill at 7.30% (up 1 basis point). The rate shown is the weighted average subscription rate.
Demand was strong: bids totalled MZN 2.1bn against MZN 740m on offer, 282% of the amount sought, and MZN 425m was accepted.
Over the past year the 364-day rate has ranged from 7.29% to 11.25%.
A year earlier the 364-day bill cleared at 11.64%, so the government is paying 434 basis points less than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 7,300 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 107,300 after 12 months: MZN 7,300 in interest before any withholding tax, about MZN 608 a month.
That is MZN 8 more than the same money would have earned at the previous auction.
For shorter money: MZN 3,650 on the 182-day bill (6 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 |
|---|---|---|---|---|---|
| 182-day | 7.300% | 7.500% | MZN 210m | MZN 440m | MZN 210m |
| 364-day | 7.300% | 7.292% | MZN 530m | MZN 1.65bn | MZN 215m |
Source: Banco de Moçambique result · weighted average subscription rate
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Afronomics (2026). Mozambique Treasury bill auction, 6 January 2021, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2021-01-06
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