Treasury Bond Auction (05 May 2021) 07-Years Fixed Rate

30th April, 2021

Bonds, Government Securities

ISIN: TZ1996103937

1.       Issuer

United republic of Tanzania

2.       Amount

Competitive          Non – Competitive

TZS 107.0 Billion     TZS 0.10 Billion

3.       Auction Date

05 May 2021

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

 06 May 2021 (T+1)

9.       Coupon

Fixed at 10.08% p.a.

10.   Redemption Date

06 May, 2028

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 07 May 2021

 

First Interest Date: 04 November

Second Interest Date: 06 May

Treasury Bonds Issuance Calendar For The Financial Year 2020/21