Tanzania Treasury bills · auction of 8 April 2015
Tanzania T-bill auction, 8 April 2015: 364-day at 10.37%, up 66 bps
At the Treasury bill auction dated 8 April 2015, the Bank of Tanzania cleared the 91-day bill at 6.86% (up 23 basis points), the 182-day bill at 9.78% (up 79 basis points) and the 364-day bill at 10.37% (up 66 basis points). The rate shown is the weighted average yield of successful bids.
The auction was undersubscribed: bids totalled TZS 93.5bn against TZS 132.0bn on offer, 71% of the amount sought, and TZS 74.6bn was accepted.
Over the past year the 364-day rate has ranged from 9.71% to 16.59%.
A year earlier the 364-day bill cleared at 13.33%, so the government is paying 296 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 103,714 in 12 months on the 364-day bill
Put TZS 1,000,000 into the 364-day bill at this auction and you get back TZS 1,103,714 after 12 months: TZS 103,714 in interest before any withholding tax, about TZS 8,643 a month.
That is TZS 6,600 more than the same money would have earned at the previous auction.
For shorter money: TZS 48,923 on the 182-day bill (6 months), TZS 17,139 on the 91-day bill (3 months).
The government pays the full amount at maturity; the risk is Tanzania’s government not paying, and the money is locked until then.
Kwa Kiswahili
Ukiweka TZS 1,000,000 kwenye hati ya siku 364 kwa riba ya mnada huu, utarudishiwa TZS 1,103,714 baada ya miezi 12: riba ya TZS 103,714 kabla ya kodi yoyote ya zuio, yaani takriban TZS 8,643 kwa mwezi.
Hiyo ni TZS 6,600 zaidi ya kiasi ambacho pesa hiyo hiyo ingepata kwenye mnada uliopita.
Serikali hulipa yote mwishoni mwa muda; hatari ni serikali kushindwa kulipa, na pesa haipatikani hadi muda uishe.
Results
By tenor
| Tenor | Rate | Previous | Offered | Bids | Accepted |
|---|---|---|---|---|---|
| 91-day | 6.856% | 6.627% | TZS 32.00bn | TZS 23.32bn | TZS 14.31bn |
| 182-day | 9.784% | 8.994% | TZS 45.00bn | TZS 48.35bn | TZS 41.25bn |
| 364-day | 10.371% | 9.711% | TZS 55.00bn | TZS 21.82bn | TZS 19.02bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 8 April 2015, compiled from the Bank of Tanzania. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2015-04-08
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