The
Bank of Tanzania (BoT) has offered the 11.44 coupon rate 10 years Treasury bond
with 20bn/- that will go on sale this Wednesday, a large turnout awaits the
security.
“Market
expects large turnout on the issue with pensions funds expected to play a
decisive role on yields,” Standard Chartered Bank comment on the sale direction
of the bond.
The
bank added: “the expectation is a decline in yields between 100-200basic points
(bps) from the last yield current at 16.97 per cent.”
In
the last bond market the seven-year T-bond was oversubscribed four times after
investors tendered 104.35bn/-. The central bank offered 25bn/- only. the bond had a price tag of 10.08 per cent.
Source:
tzexchange.blogspot.com
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