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– Herald

The lowest rate was 20 percent, and the highest rate was 22 percent.

All bids were allotted.

In the past two issuances, the central bank has stuck to one year —365 days — paper, although the trend in issuances has consisted of a combination of 180 day, 270 day and 365 day paper, while maturity period for the bonds ranges from two years to 10 years

In April, Government was again in the market seeking $500 million.

But unlike in previous years, where TB issuances were almost excessive, the current ones have been planned for.

The funds being raised through TBs are part of budgetary support that was announced by Finance and Economic Development Minister Mthuli Ncube in the 2021 National Budget Statement.

According to the Government Debt Plan for 2021, TB auctions will now be held every Thursday with 80 percent of the money expected to be raised from the treasury bills while the remainder from Treasury bonds.

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