
Re-opening of 25-Year Fixed Rate Treasury Bond
ISIN: TZ1996103929
1. Issuer |
United republic of Tanzania |
2. Amount |
Competitive Non – Competitive TZS 133.0 Billion TZS 0.45 Billion |
3. Auction Date |
19 January 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 |
20 January 2022 (T+1) |
9. Coupon |
Fixed at 15.95% p.a. |
10. Redemption Date |
22 April 2046 |
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 21 January 2022
Semi-annually from issue date First Interest Date: 21 October Second Interest Date: 22 April |
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 TZS 3.9766 per TZS 100. For example: Based on the yield to Maturity (YTM) of 16,3381%, Clean Price is TZS 97.6771, Dirty Price is TZS 101.6537 (i.e Clean Price (TZS 97.6771) plus Accrued Interest (TZS 3.9766)) |