Bank of Tanzania

The Bank of Tanzania (BoT) yesterday offered a seven-year fixed rate Treasury bond worth 20bn/- ($12.6 million).

A statement issued by the bank said the bond would be auctioned on Wednesday and the price is to be quoted at premium, par or discount to four decimal places.

It said the minimum bid would be 1m/- when bidding through primary dealers and 5m/- for direct bidders in multiples of 100,000/-.

Coupon rate would be fixed at 10.08 percent per annum, while the interest income would be exempted from withholding tax.

It said the intertest payement day would be today and Thursday and that secondary trading in multiples of 100,000/- would commence on May 5, 2012.

(USD1 = 1589.0000 Tanzanian shillings)