Treasury Bond Auction (06 May 2020) 7-Year Fixed Rate
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1. Issuer |
United republic of Tanzania |
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2. Amount |
Competitive Non – Competitive TZS 61.70 Billion TZS 0.17 Billion |
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3. Auction Date |
06 May 2020 |
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4. Procedure for Bidding |
Bids will be submitted online through Central Depository Participants and the process will be closed at 11:00 A.M on the auction date. |
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5. Price per TZS 100 |
To be quoted at a discount to four (4) decimal places. |
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6. Minimum bid size |
TZS 1,000,000 in multiples of TZS 100,000 |
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7. Auction Results |
Auction results shall be made available on the Bank’s Website and at the Depository Participant’s offices immediately after the auction. |
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8. Settlement Date |
07 May 2020 (T+1) |
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9. Coupon |
Fixed at 10.08% p.a. |
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10. Redemption Date |
07 May, 2027 |
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11. Tax |
Interest income is exempted from withholding tax. |
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12. Currency 13. Day count convention 14. Trading
15. Interest Payment Date |
Tanzania Shillings (TZS) Actual/365 Secondary trading in multiples of TZS 100,000 to commence on Friday 08 May 2020
First Interest Date: November 2021 Second Interest Date: May 2021 |
