Treasury Bond Auction (29 January 2020) 15 Year Fixed Rate
1. Issuer |
United republic of Tanzania |
2. Amount |
Competitive Non – Competitive TZS 109.0 Billion TZS 0.40 Billion |
3. Auction Date |
29 January 2020 |
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 |
30 January 2020 (T+1) |
9. Coupon |
Fixed at 13.50% p.a. |
10. Redemption Date |
30 January, 2035 |
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 to commence on Friday 31 January 2020
First Interest Date: 30 July Second Interest Date: 30 January |