SOLOMON Stockbrokers

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

Wednesday 24 July 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 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, 25 July 2019 (T+1)

9.       Form Issuance

Book Entry System

10.   Redemption Date

Redemption Dates     35 – Day 1 August 2019

                                91 – Day 26 September 2019

                               182 – Day 26 December 2019

                                364 – Day 25 June 2020

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