Treasury Bond Auction (18 December 2019) 20 Year Fixed Rate
|
1. Issuer |
United republic of Tanzania |
|
2. Amount |
Competitive Non – Competitive TZS 117.0 Billion TZS 0.10 Billion |
|
3. Auction Date |
18 December 2019 |
|
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 |
19 December 2019 (T+1) |
|
9. Coupon |
Fixed at 15.49% p.a. |
|
10. Redemption Date |
19 December, 2039 |
|
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 20 December 2019
First Interest Date: 18 June Second Interest Date: 19 December |
