Tanzania Treasury bills · auction of 22 February 2017
Tanzania T-bill auction, 22 February 2017: 364-day at 15.30%, down 45 bps
At the Treasury bill auction dated 22 February 2017, the Bank of Tanzania cleared the 91-day bill at 7.01% (down 9 basis points), the 182-day bill at 14.11% (down 31 basis points) and the 364-day bill at 15.30% (down 45 basis points). The rate shown is the weighted average yield of successful bids.
Demand was strong: bids totalled TZS 430.3bn against TZS 138.5bn on offer, 311% of the amount sought, and TZS 223.1bn was accepted.
Over the past year the 364-day rate has ranged from 15.07% to 18.34%.
A year earlier the 364-day bill cleared at 18.97%, so the government is paying 367 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 152,976 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 1,152,976 after 12 months: TZS 152,976 in interest before any withholding tax, about TZS 12,748 a month.
That is TZS 4,478 less than the same money would have earned at the previous auction.
For shorter money: TZS 70,535 on the 182-day bill (6 months), TZS 17,534 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 1,152,976 baada ya miezi 12: riba ya TZS 152,976 kabla ya kodi yoyote ya zuio, yaani takriban TZS 12,748 kwa mwezi.
Hiyo ni TZS 4,478 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 | 7.013% | 7.100% | TZS 4.00bn | TZS 2.31bn | TZS 2.31bn |
| 182-day | 14.107% | 14.412% | TZS 59.00bn | TZS 194.12bn | TZS 79.83bn |
| 364-day | 15.298% | 15.745% | TZS 75.50bn | TZS 233.83bn | TZS 140.99bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 22 February 2017, compiled from the Bank of Tanzania. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2017-02-22
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