Treasury Bond Auction(12 October 2022) 2-Year Fixed Rate

7th October, 2022

Bonds, Government Securities

ISIN: TZ1996104596

1.       Issuer

United republic of Tanzania

2.       Amount

Competitive          Non – Competitive

TZS 130.70 Billion     TZS 0.43 Billion

3.       Auction Date

 12 October 2022

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

13 October 2022 (T+1)

9.       Coupon

Fixed at 7.60% p.a.

10.   Redemption Date

13 October 2024

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 14 October 2022

 

Semi-annually from issue date

First Interest Date: 13 April

Second Interest Date: 13 October

 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

Treasury Bonds Issuance Calendar For The Financial Year 2023/24