Treasury Bond Auction (24 November 2021) 20-Year Fixed Rate

19th November, 2021

Bonds, Government Securities

ISIN: TZ1996103861

1.       Issuer

United republic of Tanzania

2.       Amount

Competitive          Non – Competitive

TZS 139.0 Billion     TZS 0.50 Billion

3.       Auction Date

 24 November 2021

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

25 November 2021 (T+1)

9.       Coupon

Fixed at 15.49% p.a.

10.   Redemption Date

11 February 2041

11.   Tax

Interest Income Is Exempted from withholding Tax.

12.   Currency

13.  Day count convention

14.  Trading


 15. Interest Payment Date

Tanzania Shillings (TZS)


Secondary trading in multiples of TZS 100,000 to commence on Tuesday 26 November 2021


Semi-annually from issue date

First Interest Date: 12 August

Second Interest Date: 11 February

 16. Key Note

The bond price should include the Accrued Interest of TZS 4,4560 per TZS 100.

For example: based on the yield to Maturity(YTM) of 15.4127%, Clean price is TZS 100.4727, Dirty Price is TZS 104.9287 (i.e Clean Price (TZS 100.4727) plus Accrued Interest (TZS 4,4560))

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