Treasury Bills Auction (20 March 2019)
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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 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 |
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3. Auction Date |
Wednesday 20 March 2019 |
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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 1,000,000 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, 21 March 2019 (T+1) |
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9. Form Issuance |
Book Entry System |
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10. Redemption Date |
Redemption Dates 35 – Day 25 April 2019 91 – Day 20 June 2019 182 – Day 19 September 2019 364 – Day 19 March 2020 |
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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 |
Treasury Bonds Issuance Calendar For The First Half Of The Financial Year 2024/25
