Regulatory Alerts2020-07-01
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Zimbabwe Government 270 and 364-day Treasury Bill Issues – 01 July 2020
The Reserve Bank of Zimbabwe, on behalf of the Government, invites commercial banks and financial institutions to subscribe to a ZWL$500 million treasury bill tender for 270- and 364-day tenures. Submissions must meet a ZWL$1 million minimum per investor, with a maximum of two bids allowed and allotments calculated at the weighted average yield rate. Issued to fund COVID-19 pandemic expenditures, these bills carry prescribed and liquid asset status, are tax-exempt, tradable, and accepted as collateral for overnight RBZ accommodation.
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