Tanzania: Seven-Year Government Bonds Undersubscribed

A seven-year treasury bonds auction conducted on Wednesday this week by the Bank of Tanzania (BoT) saw four out of five bids received emerging successful in a trade deal that was undersubscribed by 4.39bn/-.

The under subscription, according to the BoT tender results, shows that the investors' end of month statutory obligations may have contributed to poor performance of the auction through which the government sought to raise 20bn/-.

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