Tanzania Treasury bills · auction of 5 April 2017
Tanzania T-bill auction, 5 April 2017: 364-day at 14.46%, down 54 bps
At the Treasury bill auction dated 5 April 2017, the Bank of Tanzania cleared the 91-day bill at 7.00% (down 20 basis points), the 182-day bill at 13.28% (down 33 basis points) and the 364-day bill at 14.46% (down 54 basis points). The rate shown is the weighted average yield of successful bids.
Demand was strong: bids totalled TZS 352.0bn against TZS 138.5bn on offer, 254% of the amount sought, and TZS 177.7bn was accepted.
At 14.46%, the 364-day rate is the lowest in the 26 auctions of the past year.
A year earlier the 364-day bill cleared at 17.32%, so the government is paying 286 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 144,630 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 1,144,630 after 12 months: TZS 144,630 in interest before any withholding tax, about TZS 12,052 a month.
That is TZS 5,419 less than the same money would have earned at the previous auction.
For shorter money: TZS 66,387 on the 182-day bill (6 months), TZS 17,500 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 1,144,630 baada ya miezi 12: riba ya TZS 144,630 kabla ya kodi yoyote ya zuio, yaani takriban TZS 12,052 kwa mwezi.
Hiyo ni TZS 5,419 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 | 7.000% | 7.200% | TZS 4.00bn | TZS 4.08bn | TZS 4.00bn |
| 182-day | 13.277% | 13.610% | TZS 59.00bn | TZS 114.38bn | TZS 59.00bn |
| 364-day | 14.463% | 15.005% | TZS 75.50bn | TZS 233.54bn | TZS 114.74bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 5 April 2017, compiled from the Bank of Tanzania. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2017-04-05
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