Mozambique Treasury bills · auction of 19 June 2024
Mozambique T-bill auction, 19 June 2024: 364-day at 16.96%, down 6 bps
At the Treasury bill auction dated 19 June 2024, the Banco de Moçambique cleared the 91-day bill at 16.21% (down 6 basis points), the 182-day bill at 16.51% (down 3 basis points) and the 364-day bill at 16.96% (down 6 basis points). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 3.6bn against MZN 3.9bn on offer, 93% of the amount sought, and MZN 3.6bn was accepted.
At 16.96%, the 364-day rate is the lowest in the 31 auctions of the past year.
A year earlier the 364-day bill cleared at 17.82%, so the government is paying 86 basis points less than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 16,960 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 116,960 after 12 months: MZN 16,960 in interest before any withholding tax, about MZN 1,413 a month.
That is MZN 60 less than the same money would have earned at the previous auction.
For shorter money: MZN 8,255 on the 182-day bill (6 months), MZN 4,053 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 | 16.210% | 16.270% | MZN 1.00bn | MZN 890m | MZN 838m |
| 182-day | 16.510% | 16.540% | MZN 2.10bn | MZN 1.99bn | MZN 1.99bn |
| 364-day | 16.960% | 17.020% | MZN 800m | MZN 757m | MZN 757m |
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, 19 June 2024, compiled from the Banco de Moçambique. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2024-06-19
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.