Treasury Bills Auction(18 September 2024)
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1. Issuer |
United republic of Tanzania |
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2. Purpose |
Amount Financing 120,670 Million Liquidity 6,000 Million |
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3. Maturities/Amount |
Competitive Non-Competitive 35 days up to TZS 900 Million 100 Million 91 days up to TZS 1,900 Million 100 Million 182 days up to TZS 2,900 Million 100 Million 364 days up to TZS 120,450 Million 220 Million |
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4. Auction Date |
Wednesday 18 September 2024 |
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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, 19 September 2024 (T+1) |
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10. Form Issuance |
Book Entry System |
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11. Redemption Date |
Redemption Dates 35 – Day 24 October 2024 91 – Day 19 December 2024 182 – Day 20 March 2024 364 – Day 18 September 2025 |
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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 |
