Treasury Bond Auction (07 June 2023) 15-Year Fixed Rate
ISIN: TZ1996105007
1. Issuer |
United republic of Tanzania |
2. Amount |
Competitive Non – Competitive TZS 104.00 Billion TZS 0.81 Billion |
3. Auction Date |
07 June 2023 |
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 100,000 |
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 |
08 June 2023 (T+1) |
9. Coupon |
Fixed at 11.15% p.a. |
10. Redemption Date |
08 June 2038
|
11. Tax |
Interest Income Is Exempted from 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 to commence on Friday 09 June 2023
Semi-annually from issue date First Interest Date: 08 December Second Interest Date: 08 June |
16. Defaulters |
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 |