Tanzania Treasury bills oversubscribed

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By Mnaku Mbani
The Tanzania Treasury Bills floated by Bank of Tanzania were oversubscribed by almost 200 per cent, which indicates an increased appetite on government securities.The auction results published by the Bank of Tanzania today indicates that a total of 230 bids were received but only 125 were successful.

Through the TBills, the bank of Tanzania wanted to raise Tsh138.7 billion for all maturities but Tsh400.2 billion were tendered. However, the government accepted bids worth Tsh255.04 billion, higher that what were intended.

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