Treasury Bills Auction (11 November 2020)

6th November, 2020

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          84,530 Million     200 Million

3.       Auction Date

Tuesday 11 November 2020

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, 12 November 2020 (T+1)

9.       Form Issuance

Book Entry System

10.   Redemption Date

Redemption Dates     35 – Day 17 December 2020

                                91 – Day 11 February 2020

                               182 – Day 13 May 2021

                                364 – Day 11 November 2021

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