Issue of 365-Day Treasury Bills – October 2019

RESERVE BANK OF ZIMBABWE 80 Samora Machel Avenue P.O. BOX 1283, Harare Tel: 263-242-703000, +263 8677000474 RE S E RVE BANK OF ZIMBA B W E ISSUE OF 365-DAY TREASURY BILLS RESERVE BANK OF ZIMBABWE FINANCIAL MARKETS DIVISION The Reserve Bank of Zimbabwe (RBZ) hereby invites Commercial banks, Building Societies, POSB and IDBZ to subscribe to Treasury Bills amounting to One Hundred and Fifty million dollars (ZWL$150,000,000-00). Applications must be for a minimum amount of One million Zimbabwe dollars (ZWL$1,000,000-00). The number of bids per investor are restricted to two (2) and copies of the application forms are available from RBZ Local Dealers, 80 Samora Machel Avenue, Harare. Applications should be clearly marked “Zimbabwe 365-Day Treasury Bills”. Features of the Bills Issuer: Government of Zimbabwe Amount on Oer: One Hundred and Fifty Million dollars (ZWL$150, 000, 000-00) Interest Rate: Open Tender on a yield basis Tenure: 365 days Purpose of Issue: To Finance Government Programmes Oer Opens: Wednesday, 09 October, 2019 at 08:00 hours Oer Closes: Thursday, 10 October, 2019 at 12:00 hours Allotment and Payment: Thursday, 10 October, 2019 Special Features • Prescribed Asset Status • Liquid Asset Status • Tradable • Tax Exemption • Acceptable as collateral for overnight accommodation by the RBZ • Allotment will be at weighted average rate. The Bank reserves the right to accept or reject a portion of any or all tenders. For further details, contact Dealers on 2253747, 2253166, 2253151 or 2703000