Tanzania Treasury bills · auction of 25 November 2020
Tanzania T-bill auction, 25 November 2020: 364-day at 4.23%, down 12 bps
At the Treasury bill auction dated 25 November 2020, the Bank of Tanzania cleared the 91-day bill at 2.50% (up 8 basis points), the 182-day bill at 2.61% (up 3 basis points) and the 364-day bill at 4.23% (down 12 basis points). The rate shown is the weighted average yield of successful bids.
The auction was undersubscribed: bids totalled TZS 74.1bn against TZS 89.2bn on offer, 83% of the amount sought, and TZS 68.1bn was accepted.
Over the past year the 364-day rate has ranged from 3.93% to 5.94%.
A year earlier the 364-day bill cleared at 6.13%, so the government is paying 190 basis points less than twelve months ago.
What this means for TZS 1,000,000
Worked from the published rate · information, not advice
TZS 42,333 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 1,042,333 after 12 months: TZS 42,333 in interest before any withholding tax, about TZS 3,528 a month.
That is TZS 1,169 less than the same money would have earned at the previous auction.
For shorter money: TZS 13,050 on the 182-day bill (6 months), TZS 6,250 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 1,042,333 baada ya miezi 12: riba ya TZS 42,333 kabla ya kodi yoyote ya zuio, yaani takriban TZS 3,528 kwa mwezi.
Hiyo ni TZS 1,169 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 | 2.500% | 2.420% | TZS 1.70bn | TZS 1.70bn | TZS 1.70bn |
| 182-day | 2.610% | 2.580% | TZS 3.00bn | TZS 3.00bn | TZS 3.00bn |
| 364-day | 4.233% | 4.350% | TZS 84.53bn | TZS 69.44bn | TZS 63.40bn |
Source: Bank of Tanzania result · weighted average yield of successful bids
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Afronomics (2026). Tanzania Treasury bill auction, 25 November 2020, compiled from the Bank of Tanzania. Retrieved 4 October 2026, from https://www.afronomicsfeed.com/markets/tbills/tanzania/2020-11-25
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