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TREASURY BILLS AUCTION ___________________________________ NUMBER
952 INVITATION TO TENDER ON 20th APRIL 2016___________________________________________________
The Bank of Tanzania on behalf of the Government of the
United Republic of Tanzania invites applications through Central Depository
Participants (CDPs) to tender for Treasury Bills of which terms and conditions
are as follows:
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1. Issuer
2. Maturities/Amount
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United Republic of Tanzania
Competitive Non-Competitive
35 days up to TZS 1,000
Million 100 Million 91 days up to TZS. 7,000 Million 200 Million 182 days up
to TZS 50,000 Million 700 Million 364 days up to TZS 75,000 Million 1,000
Million
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3. Auction date
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Wednesday 20th April 2016
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4. Procedure for bidding
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Bids will be submitted online through Central
Depository Participants (CDPs)
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and the process will be closed at 11.00 a.m on the
auction date
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5. Price per TZS 100
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To be quoted at a discount to four (4) decimal
places.
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6. Minimum bid size
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TZS 500,000 in multiples of TZS 10,000
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7. Auction results
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Auction results shall be made
available on the Bank’s Website and at Central Depository Participants’
offices immediately after the auction.
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8. Settlement date
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Thursday 21st April 2016 (T+2)
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9. Form of issuance
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Book entry system.
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10. Redemption date
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Redemption dates 35 - Day 26th May 2016 91 - Day 21st
July 2016 182 - Day 20th October 2016 364 - Day 20th
April 2017
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11. Tax
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Interest income is subject to 10% withholding tax
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12. Currency
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Tanzania Shillings (TZS)
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13. Defaulters
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Successful bidders who fail to
honor their obligations on time will be disqualified from participating in
the subsequent auctions for a minimum period of one (1) month
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The Bank of Tanzania reserves the right to accept or reject
any or all applications
For further details please contact Domestic Markets
Department, Bank of Tanzania, 2 Mirambo Street, P.O. Box 2939, 11884 Dar es
Salaam (Tel: 2233529-30; Fax :2234049) and www.bot.go.tz
Chapisha Maoni