Tanzania Treasury bills · auction of 4 April 2018
Tanzania T-bill auction, 4 April 2018: 364-day at 5.09%, down 3 bps
At the Treasury bill auction dated 4 April 2018, the Bank of Tanzania cleared the 91-day bill at 2.15% (down 10 basis points), the 182-day bill at 3.16% (down 7 basis points) and the 364-day bill at 5.09% (down 3 basis points). The rate shown is the weighted average yield of successful bids.
The auction was fully subscribed: bids totalled TZS 178.1bn against TZS 168.0bn on offer, 106% of the amount sought, and TZS 115.1bn was accepted.
At 5.09%, the 364-day rate is the lowest in the 26 auctions of the past year.
A year earlier the 364-day bill cleared at 15.00%, so the government is paying 991 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 50,905 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 1,050,905 after 12 months: TZS 50,905 in interest before any withholding tax, about TZS 4,242 a month.
That is TZS 323 less than the same money would have earned at the previous auction.
For shorter money: TZS 15,795 on the 182-day bill (6 months), TZS 5,375 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 1,050,905 baada ya miezi 12: riba ya TZS 50,905 kabla ya kodi yoyote ya zuio, yaani takriban TZS 4,242 kwa mwezi.
Hiyo ni TZS 323 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 | 2.150% | 2.250% | TZS 3.00bn | TZS 4.80bn | TZS 3.00bn |
| 182-day | 3.159% | 3.233% | TZS 65.00bn | TZS 106.17bn | TZS 65.00bn |
| 364-day | 5.090% | 5.123% | TZS 100.00bn | TZS 67.18bn | TZS 47.15bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 4 April 2018, compiled from the Bank of Tanzania. Retrieved 3 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2018-04-04
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