Treasury Bond Auction(26 November 2024) 20-Year Fixed Rate
ISIN: TZ1996103770
Reopening bond, which was issued on 05 November 2020. Terms and conditions for this bond are as follows:
1. Issuer |
United Republic of Tanzania |
2. Amount |
Competitive Non – Competitive TZS 183.00 Billion TZS 0.95 Billion |
3. Auction Date |
26 November 2024 |
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 |
28 November 2024 (T+2) |
9. Coupon |
Fixed at 15.49% p.a. |
10. Redemption Date |
05 November 2040 |
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, 29 November 2024 Semi-annually from the issue date First Interest Date: 05 November Second Interest Date: 06 May |
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 |
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. |
18. Key Note |
Bids are submitted with accrued interest (dirty price). The final price will include accrued interest in item 10 above (dirty price). For example, if your bid clean price is TZS 100.000, the dirty price will be TZS 100.9760 |