Tanzania Treasury bills · auction of 16 September 2020
Tanzania T-bill auction, 16 September 2020: 364-day at 3.93%, down 4 bps
At the Treasury bill auction dated 16 September 2020, the Bank of Tanzania cleared the 364-day bill at 3.93% (down 4 basis points). The rate shown is the weighted average yield of successful bids.
The auction was undersubscribed: bids totalled TZS 53.4bn against TZS 84.5bn on offer, 63% of the amount sought, and TZS 53.4bn was accepted.
At 3.93%, the 364-day rate is the lowest in the 23 auctions of the past year.
A year earlier the 364-day bill cleared at 7.25%, so the government is paying 332 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 39,274 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 1,039,274 after 12 months: TZS 39,274 in interest before any withholding tax, about TZS 3,273 a month.
That is TZS 425 less than the same money would have earned at the previous auction.
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 1,039,274 baada ya miezi 12: riba ya TZS 39,274 kabla ya kodi yoyote ya zuio, yaani takriban TZS 3,273 kwa mwezi.
Hiyo ni TZS 425 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 |
|---|---|---|---|---|---|
| 364-day | 3.927% | 3.970% | TZS 84.53bn | TZS 53.42bn | TZS 53.42bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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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, 16 September 2020, compiled from the Bank of Tanzania. Retrieved 5 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2020-09-16
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