Treasury Bills Auction (06 October 2021)

1st October, 2021

Bills, Government Securities

1.       Issuer

United republic of Tanzania

2.       Amount

Competitive          Non – Competitive

35   days up to TZS          1,000 Million          100 Million

91   days up to TZS          1,700 Million          100 Million

182 days up to TZS          3,000 Million       100 Million

364 days up to TZS          72,700 Million     220 Million

3.       Auction Date

Wednesday 06 October 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 500,000 in multiples of TZS 10,000

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

Thursday, 07 October 2021 (T+1)

9.       Form Issuance

Book Entry System

10.   Redemption Date

Redemption Dates     35 – Day 11 November 2021

                                91 – Day 06 January 2022

                               182 – Day 07 April 2022

                                364 – Day 06 October 2022

11.   Tax

Interest income is subject to 10% withholding tax.

12.   Currency

13.  Defaulters

Tanzania Shillings (TZS)

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

Treasury Bonds Issuance Calendar For The First Half Of The Financial Year 2024/25