Tanzania's Largest Online Directory
Over 40,300 Listings
Subscribe to 123 Tanzania and be the first to know what's happening
Subscribe

Business News

Sat Dec 31, 2016

T-bills auction closes 2016 on strong note


Most investors slashed investment on capital and money markets on year end periods to fulfill social and quarterly tax obligations.

 

Tanzania (BoT) auction summary shows that a total of 138.5bn/- was offered for tendering. Yield rates increased slightly in some tenure and in others it registered decline. The two tenures 364 and 182 days contributed 100 per cent of the total bids while 91 and 35 attracted no bids.

 

The 364 and 182 days offer attracted bids worth 75.43bn/- and 68.67bn/- respectively against 85bn/-and 51bn/- offered to the market for bidding. Yield rates for the 364 and 182 days offer were 15.79 per cent and 14.54 per cent compared to 15.86 per cent and 14.95 per cent of the previous session held two weeks ago.

 

The highest and lowest bid/100 for the 364 and 182 days offers were 87.20/ 85.00 and 93.47/ 92.61 respectively while for the 91 and 35 days tenor had 93.47/ 92.61 and 98.30/ 98.26. The minimum successful price/100 for the 364, 182 and 91 days offer were 86.22, 92.61, 98.26 and 99.35 respectively.

 

The weighed average price for successful bid for the 364 tenure was 86.37, the 182 days offer was 93.24, 91 days offer was 98.26 and 99.35. Major investors in the oneyear treasury bills are commercial banks, pension funds, insurance companies and some micro-finance institutions.

SOURCE: DAILY NEWS


Hits: 143
Posted by Arwa

Reviews

Related Products

Free Domains



SMS Subscribe

Scan this using your Smart Phone.
Subscribe to SMS directly.

Tangazo Kwa Umma
Cybercrimes Act, 2015
The Value Added Tax Act, 2014

Looking for a Job?

Assistant Accountant (x2)
Finance and Admin Officer
Front Desk Representative
Accounts
Chief Operation Officer
Manager, Compliance Monitoring
Oil Seed Production Manager ( Sunflower & Safflower)
Secondary School Head Teacher
View All

THE LATEST NEWS

Vodacom meets 476bn/- IPO target
Zanzibar records marginal inflation drop
Shilling tips to gain in Q3
Inflation on downtrend -NBS
Bollywood blocks the Internet Archive
View All

Sponser's






Subscribe to our Newsletter

ADVERTISEMENTS








PREMIUM LISTING

Add your Company in our Premium listing

Highlight your Company here and get it viewed by Thousands of visitors

Charges are as follows:
Monthly - Tshs.20,000/-
Yearly   - Tshs.200,000/-

To put your company in our Premium Listing fill the form below:

Name is required and must be characters only.

You can pay through:
TIGO PESA - 0659 233 378
MPESA        - 0764 202 807

Sign Up X