Tanzania Treasury bills · auction of 27 May 2020
Tanzania T-bill auction, 27 May 2020: 364-day at 4.70%, down 14 bps
At the Treasury bill auction dated 27 May 2020, the Bank of Tanzania cleared the 91-day bill at 2.99% (down 21 basis points), the 182-day bill at 3.50% (down 38 basis points) and the 364-day bill at 4.70% (down 14 basis points). The rate shown is the weighted average yield of successful bids.
The auction was undersubscribed: bids totalled TZS 99.8bn against TZS 106.2bn on offer, 94% of the amount sought, and TZS 34.8bn was accepted.
At 4.70%, the 364-day rate is the lowest in the 26 auctions of the past year.
A year earlier the 364-day bill cleared at 9.06%, so the government is paying 437 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 46,986 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 1,046,986 after 12 months: TZS 46,986 in interest before any withholding tax, about TZS 3,916 a month.
That is TZS 1,442 less than the same money would have earned at the previous auction.
For shorter money: TZS 17,501 on the 182-day bill (6 months), TZS 7,475 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 1,046,986 baada ya miezi 12: riba ya TZS 46,986 kabla ya kodi yoyote ya zuio, yaani takriban TZS 3,916 kwa mwezi.
Hiyo ni TZS 1,442 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 | 2.990% | 3.200% | TZS 1.70bn | TZS 3.40bn | TZS 1.70bn |
| 182-day | 3.500% | 3.883% | TZS 3.00bn | TZS 9.05bn | TZS 1.05bn |
| 364-day | 4.699% | 4.843% | TZS 101.50bn | TZS 87.40bn | TZS 32.00bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 27 May 2020, compiled from the Bank of Tanzania. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2020-05-27
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