Government plans 11 Treasury securities auctions in three months

By The Respondents Reporter

The government is set to conduct 11 Treasury securities auctions between October and December, as the Bank of Tanzania (BoT) rolls out its borrowing programme for the second quarter of the 2026/27 financial year.

The programme will give investors access to government securities ranging from short-term Treasury bills to bonds with maturities of up to 25 years.

According to a public notice issued by the central bank on September 15, the government will issue Treasury bills with maturities of 35, 91, 182 and 364 days, alongside Treasury bonds with maturities of two, five, 10, 15, 20 and 25 years.

The calendar starts on October 7, when a new Treasury bill will be offered, followed by a new 25-year Treasury bond on October 14.

Another Treasury bill auction is scheduled for October 21, while the government will reopen a 20-year Treasury bond on October 28.

The November programme will begin with the reopening of a two-year Treasury bond on November 4, followed by a new 10-year bond on November 11.

A Treasury bill auction will be held on November 18, while a 15-year Treasury bond will be reopened on November 25.

In December, Treasury bills will be issued on December 2 and December 16, with a new five-year Treasury bond scheduled for December 10.

The central bank said the coupon rates for Treasury bonds and other relevant details would be announced through the respective calls for tender and auction prospectuses.

The programme comes as the government continues to use the domestic financial market to raise funds, while offering investors instruments with different investment periods.

Treasury bills are generally short-term instruments, while government bonds provide longer-term investment options and enable the government to raise financing over extended periods.

The BoT said the government reserves the right to amend the issuance calendar depending on its borrowing requirements and market conditions.

The central bank will conduct the auctions in the order listed in the calendar unless otherwise specified.

For investors, the schedule provides advance notice of the securities expected to come to the market during the quarter, although the actual terms of each auction will be contained in the relevant auction prospectus.

The BoT's Domestic Markets Department will provide further information on the auctions and investment procedures.