Treasury Bills Auction(11 October 2023)
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1. Issuer |
United republic of Tanzania |
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2. Purpose |
Amount Financing 72,890 Million Liquidity 80,000 Million |
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3. Maturities/Amount |
Competitive Non-Competitive 35 days up to TZS 8,900 Million 100 Million 91 days up to TZS 18,900 Million 100 Million 182 days up to TZS 51,900 Million 100 Million 364 days up to TZS 72,670 Million 220 Million |
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4. Auction Date |
Wednesday 11 October 2023 |
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5. 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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6. Price per TZS 100 |
To be quoted at a discount to four (4) decimal places. |
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7. Minimum bid size |
TZS 500,000 in multiples of TZS 10,000 |
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8. 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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9. Settlement Date |
Thursday, 12 October 2023 (T+1) |
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10. Form Issuance |
Book Entry System |
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11. Redemption Date |
Redemption Dates 35 – Day 16 November 2023 91 – Day 11 January 2023 182 – Day 11 April 2024 364 – Day 10 October 2024 |
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12. Tax |
Interest income is subject to 10% withholding tax. |
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13. Currency 14. 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 |
