10-year Treasury Bond oversubscribed

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By Mnaku Mbani
The 10-year Treasury Bond floated yesterday by the Central Bank of Tanzania was oversubscribed, which indicates the regain of market liquidity.
Activities for both government securities and equity markets were lower since the end of last month as many investors were committing their end year financial obligations.

The bond auction results summary shows that a total of 79 bids were received but only 57 were successfully.
The government offered Tsh111.28 billion but Tsh127.9 billion were tendered which translated into an oversubscription of Tsh16 billion. However, at the end of the auction, Tsh87.6 billion tenders were successful.
The weighted average coupon yield to maturity was set at 18.5646 per cent while the weighted average coupon yield was set at 16.8008.

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