Tanzania: High Demand Shown At One-Year TBS Auction

THE one-year treasury bills maturities on Wednesday exhibited high demand attracting huge investments that led to over three times oversubscription. The auction results show that about 482.04bn/- was total amount tendered compared to 130.5bn/- sought to be raised from the public.

According to the Bank of Tanzania (BoT) auction summary, the number of bids received was 336 but only 81 became successful. Weighted average yield to maturity per annum continued to record downward trend to 13.6 per cent compared to 13.8 per cent registered in the previous session.

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