Tanzania: Ten Year T-Bonds Poorly Subscribed

THE 10-year treasury bonds auctioned have ended the session undersubscribed after fetching 36.10bn/- below the amount sought to be raised through the medium term debt instrument.

In the session held last week, a total of 87bn/- was offered to the market but investors tendered only 36.10bn/- and at the end the government retained 8.89bn/- as successful amount.

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