Tanzania Treasury bills · auction of 18 May 2016
Tanzania T-bill auction, 18 May 2016: 364-day at 15.07%, down 86 bps
At the Treasury bill auction dated 18 May 2016, the Bank of Tanzania cleared the 91-day bill at 7.90% (down 16 basis points), the 182-day bill at 14.68% (down 34 basis points) and the 364-day bill at 15.07% (down 86 basis points). The rate shown is the weighted average yield of successful bids.
Demand was strong: bids totalled TZS 227.8bn against TZS 107.0bn on offer, 213% of the amount sought, and TZS 103.0bn was accepted.
Over the past year the 364-day rate has ranged from 12.64% to 18.97%.
A year earlier the 364-day bill cleared at 10.92%, so the government is paying 415 basis points more than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 150,740 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 1,150,740 after 12 months: TZS 150,740 in interest before any withholding tax, about TZS 12,562 a month.
That is TZS 8,594 less than the same money would have earned at the previous auction.
For shorter money: TZS 73,422 on the 182-day bill (6 months), TZS 19,755 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 1,150,740 baada ya miezi 12: riba ya TZS 150,740 kabla ya kodi yoyote ya zuio, yaani takriban TZS 12,562 kwa mwezi.
Hiyo ni TZS 8,594 pungufu 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 | 7.902% | 8.063% | TZS 8.00bn | TZS 1.63bn | TZS 1.63bn |
| 182-day | 14.684% | 15.027% | TZS 44.00bn | TZS 65.98bn | TZS 44.95bn |
| 364-day | 15.074% | 15.933% | TZS 55.00bn | TZS 160.18bn | TZS 56.41bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 18 May 2016, compiled from the Bank of Tanzania. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2016-05-18
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