Tanzania Treasury bills · auction of 14 June 2017
Tanzania T-bill auction, 14 June 2017: 364-day at 8.49%, down 141 bps
At the Treasury bill auction dated 14 June 2017, the Bank of Tanzania cleared the 91-day bill at 5.53% (down 70 basis points), the 182-day bill at 7.36% (down 159 basis points) and the 364-day bill at 8.49% (down 141 basis points). The rate shown is the weighted average yield of successful bids.
Demand was strong: bids totalled TZS 534.5bn against TZS 138.0bn on offer, 387% of the amount sought, and TZS 142.0bn was accepted.
At 8.49%, the 364-day rate is the lowest in the 26 auctions of the past year.
A year earlier the 364-day bill cleared at 15.07%, so the government is paying 658 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 84,888 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 1,084,888 after 12 months: TZS 84,888 in interest before any withholding tax, about TZS 7,074 a month.
That is TZS 14,107 less than the same money would have earned at the previous auction.
For shorter money: TZS 36,808 on the 182-day bill (6 months), TZS 13,833 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 1,084,888 baada ya miezi 12: riba ya TZS 84,888 kabla ya kodi yoyote ya zuio, yaani takriban TZS 7,074 kwa mwezi.
Hiyo ni TZS 14,107 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 | 5.533% | 6.230% | TZS 2.00bn | TZS 15.07bn | TZS 6.00bn |
| 182-day | 7.362% | 8.956% | TZS 50.50bn | TZS 212.54bn | TZS 50.50bn |
| 364-day | 8.489% | 9.899% | TZS 85.50bn | TZS 306.90bn | TZS 85.50bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 14 June 2017, compiled from the Bank of Tanzania. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2017-06-14
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