Treasury Bills Auction (23 August 2017)

18 July 2017
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1.       Issuer United republic of Tanzania
2.       Maturities/Amount                                         Competitive          Non – Competitive

35   days up to TZS                1,000 Million          100 Million

91   days up to TZS                3,000 Million          100 Million

182 days up to TZS               65,300 Million        300 Million

364 days up to TZS               100,000 Million        500 Million

3.       Auction Date Wednesday  23th August 2017
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 500,000 in multiples of TZS 10,000
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 Thursday  24th August 2017 (T+1)
9.       Form of issuance Book entry system.
10.   Redemption Date Redemption Dates       35 – Day 28 September 2017

91 – Day 23 Novembe 2017

182 – Day 22  February 2018

364 – Day 23  August 2018

11.   Tax Interest income is subject to 10% withholding tax.
12.   Currency Tanzania Shillings (TZS)