Treasury bills oversubscribed by 250 pc

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By Mnaku Mbani
The treasury bills floated by the Bank of Tanzania yesterday were oversubscribed by more than 250 per cent, which indicate investors’ appetite on government securities.The TB auction results published by Bank of Tanzania has shown that the government wanted to borrow Tsh139.5 billion but Tsh506.6 billion were tendered.

The auction attracted a total of 218 bids but only 68 with a total amount of Tsh135.5 billion were successful.
This indicated that the Bank of Tanzania will now refund a total of Tsh371 billion to investors who are both individuals and corporate.
More bidders were recorded on six month and one year maturities while the three months maturity attracted no bidders.
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Tanzania intra-SADC trade decline by 15 pc

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