Tanzania Treasury bills · auction of 2 November 2016
Tanzania T-bill auction, 2 November 2016: 364-day at 16.13%, down 20 bps
At the Treasury bill auction dated 2 November 2016, the Bank of Tanzania cleared the 91-day bill at 7.50% (unchanged), the 182-day bill at 15.12% (down 35 basis points) and the 364-day bill at 16.13% (down 20 basis points). The rate shown is the weighted average yield of successful bids.
Demand was strong: bids totalled TZS 240.5bn against TZS 137.0bn on offer, 176% of the amount sought, and TZS 132.1bn was accepted.
Over the past year the 364-day rate has ranged from 15.07% to 18.97%.
A year earlier the 364-day bill cleared at 15.98%, so the government is paying 15 basis points more than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 161,287 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 1,161,287 after 12 months: TZS 161,287 in interest before any withholding tax, about TZS 13,441 a month.
That is TZS 2,009 less than the same money would have earned at the previous auction.
For shorter money: TZS 75,581 on the 182-day bill (6 months), TZS 18,750 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 1,161,287 baada ya miezi 12: riba ya TZS 161,287 kabla ya kodi yoyote ya zuio, yaani takriban TZS 13,441 kwa mwezi.
Hiyo ni TZS 2,009 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 | 7.500% | 7.500% | TZS 7.00bn | TZS 7.04bn | TZS 7.00bn |
| 182-day | 15.116% | 15.464% | TZS 50.00bn | TZS 46.14bn | TZS 45.07bn |
| 364-day | 16.129% | 16.330% | TZS 80.00bn | TZS 187.35bn | TZS 80.00bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 2 November 2016, compiled from the Bank of Tanzania. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2016-11-02
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