Mozambique Treasury bills · auction of 27 May 2026
Mozambique T-bill auction, 27 May 2026: 364-day at 12.26%, unchanged
At the Treasury bill auction dated 27 May 2026, the Banco de Moçambique cleared the 91-day bill at 12.19% (up 1 basis point), the 182-day bill at 12.22% (up 1 basis point) and the 364-day bill at 12.26% (unchanged). The rate shown is the weighted average subscription rate.
The auction was undersubscribed: bids totalled MZN 4.7bn against MZN 5.9bn on offer, 80% of the amount sought, and MZN 4.7bn was accepted.
Over the past year the 364-day rate has ranged from 12.15% to 13.00%.
A year earlier the 364-day bill cleared at 13.16%, so the government is paying 90 basis points less than twelve months ago.
What this means for MZN 100,000
Worked from the published rate · information, not advice
MZN 12,260 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 112,260 after 12 months: MZN 12,260 in interest before any withholding tax, about MZN 1,022 a month.
That is the same as at the previous auction.
For shorter money: MZN 6,110 on the 182-day bill (6 months), MZN 3,048 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 | 12.190% | 12.180% | MZN 5.10bn | MZN 4.07bn | MZN 4.07bn |
| 182-day | 12.220% | 12.210% | MZN 600m | MZN 538m | MZN 538m |
| 364-day | 12.260% | 12.260% | MZN 200m | MZN 138m | MZN 138m |
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, 27 May 2026, compiled from the Banco de Moçambique. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/mozambique/2026-05-27
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.