Treasury Bills Auction (28 December 2022)
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1. Issuer |
United republic of Tanzania |
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2. Amount |
Competitive Non-Competitive 35 days up to TZS 9,900 Million 100 Million 91 days up to TZS 19,900 Million 100 Million 182 days up to TZS 69,900 Million 100 Million 364 days up to TZS 77,220 Million 220 Million |
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3. Auction Date |
Wednesday 28 December 2022 |
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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, 29 December 2022 (T+1) |
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9. Form Issuance |
Book Entry System |
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10. Redemption Date |
Redemption Dates 35 – Day 02 February 2023 91 – Day 30 March 2023 182 – Day 29 June 2023 364 – Day 28 November 2023 |
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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 |
