Treasury Bills Auction (09 January 2019)

4th January, 2019

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          3,000 Million          100 Million

182 days up to TZS          33,000 Million       200 Million

364 days up to TZS          104,000 Million     300 Million

3.       Auction Date

09 January 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 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

10 January 2019 (T+1)

9.       Form Issuance

Book Entry System

10.   Redemption Date

Redemption Dates     35 – Day 14 February 2018

                                91 – Day 11 April 2018

                               182 – Day 11 July 2019

                                364 – Day 09 January 2019

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

 

First Interest Date: 04 July

Second Interest Date: 03 January

 

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