Tanzania Treasury bills · auction of 4 September 2019
Tanzania T-bill auction, 4 September 2019: 364-day at 7.25%, down 25 bps
At the Treasury bill auction dated 4 September 2019, the Bank of Tanzania cleared the 91-day bill at 4.53% (up 19 basis points), the 182-day bill at 5.25% (up 7 basis points) and the 364-day bill at 7.25% (down 25 basis points). The rate shown is the weighted average yield of successful bids.
Demand was strong: bids totalled TZS 210.5bn against TZS 106.2bn on offer, 198% of the amount sought, and TZS 102.2bn was accepted.
At 7.25%, the 364-day rate is the lowest in the 26 auctions of the past year.
A year earlier the 364-day bill cleared at 8.16%, so the government is paying 91 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 72,513 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 1,072,513 after 12 months: TZS 72,513 in interest before any withholding tax, about TZS 6,043 a month.
That is TZS 2,467 less than the same money would have earned at the previous auction.
For shorter money: TZS 26,250 on the 182-day bill (6 months), TZS 11,313 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 1,072,513 baada ya miezi 12: riba ya TZS 72,513 kabla ya kodi yoyote ya zuio, yaani takriban TZS 6,043 kwa mwezi.
Hiyo ni TZS 2,467 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 | 4.525% | 4.337% | TZS 1.70bn | TZS 400m | TZS 400m |
| 182-day | 5.250% | 5.178% | TZS 3.00bn | TZS 250m | TZS 250m |
| 364-day | 7.251% | 7.498% | TZS 101.50bn | TZS 209.90bn | TZS 101.50bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
Cite or reuse this data
Free to quote, chart and republish with the credit “Source: Afronomics, compiled from the Bank of Tanzania” and a link to this page.
Afronomics (2026). Tanzania Treasury bill auction, 4 September 2019, compiled from the Bank of Tanzania. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2019-09-04
Free, every weekday at 7:00
The Afronomics Morning
Africa’s markets before 7am: the currencies that moved overnight, the auction results that landed, what is due today and the headlines that matter. Plus the Weekly every Monday.