Re-Opening of 10-Year Treasury Bond Auction(30 March 2022)
ISIN: TZ1996103895
|
1. Issuer |
United republic of Tanzania |
|
2. Amount |
Competitive Non – Competitive TZS 112.50 Billion TZS 0.60 Billion |
|
3. Auction Date |
30 March 2022 |
|
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 |
31 March 2022 (T+1) |
|
9. Coupon |
Fixed at 11.44% p.a. |
|
10. Redemption Date |
25 March 2031 |
|
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 01 April 2022
Semi-annually from issue date First Interest Date: 23 September Second Interest Date: 25 March |
|
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. Key Note |
The bond price should include the Accrued Interest of TZS0.1881 per TZS 100. For example: Based on the yield to Maturity (YTM) of 11.6022%, Clean Price is TZS 99.1092, Dirty Price is TZS 99.2973 (i.e Clean Price (TZS 99.1092) plus Accrued Interest (TZS 0.1881)) |
