Treasury Bills Auction (19 February 2020)
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1. Issuer |
United republic of Tanzania |
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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 101,500 Million 200 Million |
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3. Auction Date |
Wednesday 19 February 2020 |
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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. |
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5. Price per TZS 100 |
To be quoted at a discount to four (4) decimal places. |
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6. Minimum bid size |
TZS 500,000 in multiples of TZS 10,000 |
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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. |
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8. Settlement Date |
Thursday, 20 February 2020 (T+1) |
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9. Form Issuance |
Book Entry System |
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10. Redemption Date |
Redemption Dates 35 – Day 26 March 2020 91 – Day 21 May 2020 182 – Day 20 August 2020 364 – Day 18 February 2021 |
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11. Tax |
Interest income is subject to 10% withholding tax. |
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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 |
