Treasury Bond Auction(03 July 2024) 15-Year Fixed Rate
ISIN: TZ1996103515
Reopening bond, which was issued on 04 December 2019. Terms and conditions for this bond are as follows:
1. Issuer |
United republic of Tanzania |
2. Amount |
Competitive Non – Competitive TZS 184.00 Billion TZS 0.76 Billion |
3. Auction Date |
03 July 2024 |
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. |
5. Price per TZS 100 |
To be quoted at a discount to four (4) decimal places. |
6. Minimum bid size |
TZS 1,000,000 in multiples of TZS 100,000 |
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. |
8. Settlement Date |
04 July 2024 (T+1) |
9. Coupon |
Fixed at 13.50% p.a. |
10. Redemption Date |
05 December 2034 |
11. Tax |
Interest Income Is Exempted from withholding tax |
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 05 July 2024
Semi-annually from issue date First Interest Date: 04 June Second Interest Date: 05 December |
16. Defaulters |
Successful bidders who fail to honor their obligations on time will be disqualified from participating in the subsequent auctions for a minimum period of one (1) month |
17. Payment Adjustment |
When Redemption or Interest payment falls on weekend or public holiday, the payment shall be made in the following business date. |
18. Key Note |
Bids are submitted with accrued interest (dirty price). The final price will include accrued interest in item 10 above (dirty price). For example, if your bid clean price is TZS 100.000, the dirty price will be TZS 101.1096 |