Tanzania Treasury bills · auction of 12 July 2017
Tanzania T-bill auction, 12 July 2017: 364-day at 9.32%, up 50 bps
At the Treasury bill auction dated 12 July 2017, the Bank of Tanzania cleared the 91-day bill at 4.92% (down 61 basis points), the 182-day bill at 8.15% (up 126 basis points) and the 364-day bill at 9.32% (up 50 basis points). The rate shown is the weighted average yield of successful bids.
The auction was fully subscribed: bids totalled TZS 228.4bn against TZS 170.3bn on offer, 134% of the amount sought, and TZS 172.3bn was accepted.
Over the past year the 364-day rate has ranged from 8.49% to 16.33%.
A year earlier the 364-day bill cleared at 15.68%, so the government is paying 636 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 93,228 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 1,093,228 after 12 months: TZS 93,228 in interest before any withholding tax, about TZS 7,769 a month.
That is TZS 5,022 more than the same money would have earned at the previous auction.
For shorter money: TZS 40,754 on the 182-day bill (6 months), TZS 12,308 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 1,093,228 baada ya miezi 12: riba ya TZS 93,228 kabla ya kodi yoyote ya zuio, yaani takriban TZS 7,769 kwa mwezi.
Hiyo ni TZS 5,022 zaidi 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 | 4.923% | 5.533% | TZS 1.00bn | TZS 14.10bn | TZS 1.00bn |
| 182-day | 8.151% | 6.894% | TZS 72.30bn | TZS 105.72bn | TZS 98.52bn |
| 364-day | 9.323% | 8.821% | TZS 97.00bn | TZS 108.61bn | TZS 72.79bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 12 July 2017, compiled from the Bank of Tanzania. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2017-07-12
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