Regulatory Alerts2019-10-08
Issue of 365-Day Treasury Bills – October 2019
The Reserve Bank of Zimbabwe invites commercial banks, building societies, POSB, and IDBZ to subscribe to a ZWL$150 million issuance of 365-day Treasury Bills. Applications must meet a ZWL$1 million minimum with a maximum of two bids per investor, utilizing an open tender yield basis and allotment at the weighted average rate. The bills carry prescribed and liquid asset status, offer tax exemptions, remain fully tradable, and are accepted as collateral for overnight RBZ accommodation.
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