Seven-year bond oversubscribed by 21.9bn/

The seven-year bond floated Wednesday was oversubscribed by 21.9bn/-, a situation which indicates continued increase in liquidity in the economy and the banking sector in particular. 

The auction results for the 10.08 per cent Treasury bond posted on the Bank of Tanzania (BoT) website indicates that bidding for the instrument was 76.9bn/- against offers totaled 55bn/-. The weighted Average Yield to Maturity was 15.25 per cent higher than 14.53 per cent which was for the five-year Treasury bond last auction.
Tanzania Securities, www.tanzaniasecurities.co.tz
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