Dstv Dailynews  Mobile

15-year bond undersubscribed

THE 15 years bond instrument traded last week closed the auctioning session undersubscribed, implying decreased investors appetite on the government note.

The Bank of Tanzania (BoT) auction summary shows that the debt instrument fetched bids worth 102.14bn/- as total amount tendered compared to 109.2bn/- offered to the market for bidding.

However, at the close of the trading session, the government retained 97.98bn/- as successful amount despite the under subscription .

The debt instrument whose redemption date is 2034, December 5, received total number of 70 bids and 64 emerged successful.

The weighted average yield to maturity was 15.24 per cent while the weighted average coupon yield was 15.03 per cent.

The minimum successful price/100 was 85.92 whereas the weighted average price for successful bids was 89.89.

The government makes use of the long term maturities to raise funds for financing ling term infrastructure projects as the country envisions becoming middle income economy by 2025.

The government notes are lucrative investment platforms for commercial banks, pension funds, insurance companies, some microfinance institutions and retail investors.

THE Minister for Minerals, Doto Biteko has urged ...

Author: DAILY NEWS Reporter

Post your comments

Recent Posts


more headlines in our related posts

latest # news

Minister: BRELA should stick to ethics

7 hours ago DAILY NEWS Reporter in Geita

Mishandled sample in criminal cases worry CGC

10 hours ago DAILY NEWS Reporter in Geita

TBS sets standards for small scale mining sector

11 hours ago DAILY NEWS Reporter in Geita