Treasury Bond Auction(31 August 2022) 15-Year Fixed rate
ISIN: TZ1996104562
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1. Issuer |
United republic of Tanzania |
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2. Amount |
Competitive Non – Competitive TZS 135.70 Billion TZS 0.50 Billion |
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3. Auction Date |
31 August 2022 |
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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 |
01 September 2022 (T+1) |
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9. Coupon |
Fixed at 11.15% p.a. |
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10. Redemption Date |
01 September 2037 |
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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 02 September 2022
Semi-annually from issue date First Interest Date: 02 March Second Interest Date: 01 September |
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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 |
