Tanzania Treasury Bills oversubscribed more than 100 pc
By Mnaku Mbani
Appetite for government securities has continued to improve in Tanzanian market after the treasury bills being oversubscribed by more than 100 per cent.
By Mnaku Mbani
Appetite for government securities has continued to improve in Tanzanian market after the treasury bills being oversubscribed by more than 100 per cent.
According
to the Bank of Tanzania (BoT), auction, the treasury bills auction
attracted bids worth 213 bn/- above 138bn/- sought by the government.
At the end a total of 179 bn/- was
retained as the successful amount. Average weigh average yield days
offer decreased to 15.64 per cent on Tuesday this week from 16 per cent recorded in January this year.
The 364 days offer attracted bids worth125.7 bn/- compared to 80bn/- offered to the market for bidding. For the
182 days tenure, a total of 50bn/- was offered to the market and at the
end it attracted bids worth 51.42bn/-.
For the 35 days
offer attracted no bid.
The weigh average yield for
364 and 182 days offers were 86/36/ 92.86
Investors for the floated government securities were commercial banks, pension funds, insurance companies and some
microfinance institutions.
Maoni
Chapisha Maoni