Treasury Bond Auction(08 January 2025) 25-Year Fixed Rate
ISIN: TZ1996105320
The Bank of Tanzania, invites bids for the above bond, which will be issued on 08 January 2025.
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1. Issuer |
United Republic of Tanzania |
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2. Amount |
Competitive Non – Competitive TZS 247.97 Billion TZS 13.0 Billion |
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3. Auction Date |
08 January 2025 |
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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. |
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5. Price per TZS 100 |
To be quoted at a discount to four (4) decimal places. |
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6. Minimum bid size |
TZS 1,000,000 in multiples of TZS 100,000 |
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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. |
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8. Settlement Date |
09 January 2025 (T+1) |
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9. Coupon |
Fixed at 15.75% p.a. |
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10. Redemption Date |
09 January 2050 |
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11. Tax |
Interest Income Is Exempted from withholding tax |
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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, 10 January 2025 Semi-annually from the issue date First Interest Date: 09 July Second Interest Date: 09 January |
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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 |
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17. Payment Adjustment |
When Redemption or Interest payment falls on a weekend or public holiday, the payment shall be made on the following business date. |
