Treasury Bond Auction (16 January 2019) 2 Year Fixed Rate

11th January, 2019

Bonds, Government Securities

1.       Issuer

United republic of Tanzania

2.       Amount

Competitive          Non – Competitive

TZS 64.4 Billion     TZS 0.20 Billion

3.       Auction Date

16 January 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 1,000,000 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

17 January 2019 (T+1)

9.       Coupon

Fixed at 7.82% p.a.

10.   Redemption Date

17 January 2021

11.   Tax

Interest income is subject to 10% withholding tax.

12.   Currency

13.  Day count convention

14.  Trading

 

 15. Interest Payment Date

Tanzania Shillings (TZS)

Actual/365

Secondary trading in multiples of TZS 100,000

 

First Interest Date: 18 July

Second Interest Date: 17 January

 

Treasury Bonds Issuance Calendar For The First Half Of The Financial Year 2024/25