Treasury Bills Auction(31 January 2024)

26th January, 2024

Bills, Government Securities

1.       Issuer

United republic of Tanzania

2.       Purpose

                             Amount

Financing             72,890 Million

Liquidity               6,000 Million

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          72,670 Million        220 Million

4.       Auction Date

Wednesday 31 January 2024

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.

6.       Price per TZS 100

To be quoted at a discount to four (4) decimal places.

7.       Minimum bid size

TZS 500,000 in multiples of TZS 10,000

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.

9.       Settlement Date

Thursday, 01 February 2024 (T+1)

10.       Form Issuance

Book Entry System

11.   Redemption Date

Redemption Dates     35 – Day 07 March 2024

                                91 – Day 02 May 2024

                               182 – Day 01 August 2024

                                364 – Day 30 January 2025

12.   Tax

Interest income is subject to 10% withholding tax.

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

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