{"id":12492,"date":"2020-07-23T17:17:54","date_gmt":"2020-07-23T17:17:54","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=12492"},"modified":"2020-07-23T17:17:54","modified_gmt":"2020-07-23T17:17:54","slug":"15-year-bond-coupon-rate-highest-in-two-years","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years","title":{"rendered":"15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS"},"content":{"rendered":"<p><strong>Author: <i class=\"fa fa-user\"><\/i>ABDUEL ELINAZA<\/strong><br \/>\n<strong>AfricaPress-Tanzania:<\/strong> THE 15-year Treasury bond coupon rate of 13.5 per cent is the highest in two years before the introduction of longer tenure bond.<\/p>\n<p>The bond was the most loved government securities, but investors shun the bond to the longer tenure of 20 years which at the last auction fetched 15.49 per cent.<\/p>\n<p>Orbit Securities said in its weekly market synopsis report that the appetite for the 15-year bond resurfaced two years after the introduction of 20 years bond last Wednesday.<\/p>\n<p>\u201cAppetite reemerged to skyrocket again in the previously most valued Treasury bond, before the introduction of the 20 years T-bond in September 2018,\u201d Orbit report said.<\/p>\n<p>The leading stock brokerage firm said on Monday that the 15 years T-bond coupon rate of 13.5per cent \u201cwas the most fetched Treasury security\u201d prior to the introduction of the 20 years T-bond which has a coupon rate of 15.49 per cent.<\/p>\n<p>Mid-last week, the Bank of Tanzania (BoT) offered a 15-year bond worth a total of 122bn\/- while the public tendered a total of 222.288bn\/-, marking an oversubscription rate of 82 per cent.<\/p>\n<p>\u201cDespite the oversubscription, the Bank accepted 21.5 per cent less than the offer,\u201d Orbit said.<\/p>\n<p>Despite the oversubscription, the total successful amount was 95.78bn\/-.<\/p>\n<p>The high appetite and lower acceptance by the Bank of Tanzania lowered the weighted average yield to maturity (WAYTM) by 46.7bps to a WAYTM of 13.83 per cent.<\/p>\n<p>The WAYTM of the 15 years T-bond was 15.67 per cent during a similar period last year.<\/p>\n<p>\u201cThe descending of the WAYTM is a deliberate move by the central bank to lower the cost of debt for the government,\u201d Orbit said.<\/p>\n<p>However, the firm said limited viable alternatives in the financial markets have pushed investors to increasingly opt for Treasury securities as safer and more profitable investment destination.<\/p>\n<p>&#8220;[Thus] BoT used the opportunity to substantially lower the government&#8217;s cost of borrowing,&#8221; Orbit said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: ABDUEL ELINAZA AfricaPress-Tanzania: THE 15-year Treasury bond coupon rate of 13.5 per cent is the highest in two years before the introduction of longer tenure bond. The bond was the most loved government securities, but investors shun the bond to the longer tenure of 20 years which at the last auction fetched 15.49 per [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":12475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[169,2975,3452],"class_list":["post-12492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-orbit-securities","tag-treasury-bond","tag-waytm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS - Tanzania<\/title>\n<meta name=\"description\" content=\"THE 15-year Treasury bond coupon rate of 13.5 per cent is the highest in two years before the introduction of longer tenure bond.The bond was the most\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS\" \/>\n<meta property=\"og:description\" content=\"THE 15-year Treasury bond coupon rate of 13.5 per cent is the highest in two years before the introduction of longer tenure bond.The bond was the most\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-23T17:17:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/a65831407709efcf0cc171739203690d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS\",\"datePublished\":\"2020-07-23T17:17:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years\"},\"wordCount\":316,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/a65831407709efcf0cc171739203690d.jpg\",\"keywords\":[\"Orbit Securities\",\"Treasury bond\",\"WAYTM\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years\",\"name\":\"15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS - Tanzania\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/a65831407709efcf0cc171739203690d.jpg\",\"datePublished\":\"2020-07-23T17:17:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"THE 15-year Treasury bond coupon rate of 13.5 per cent is the highest in two years before the introduction of longer tenure bond.The bond was the most\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/a65831407709efcf0cc171739203690d.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/a65831407709efcf0cc171739203690d.jpg\",\"width\":1200,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/tanzania\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#website\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/\",\"name\":\"Tanzania\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS - Tanzania","description":"THE 15-year Treasury bond coupon rate of 13.5 per cent is the highest in two years before the introduction of longer tenure bond.The bond was the most","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years","og_locale":"en_US","og_type":"article","og_title":"15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS","og_description":"THE 15-year Treasury bond coupon rate of 13.5 per cent is the highest in two years before the introduction of longer tenure bond.The bond was the most","og_url":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years","og_site_name":"Tanzania","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2020-07-23T17:17:54+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/a65831407709efcf0cc171739203690d.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS","datePublished":"2020-07-23T17:17:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years"},"wordCount":316,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/a65831407709efcf0cc171739203690d.jpg","keywords":["Orbit Securities","Treasury bond","WAYTM"],"articleSection":["all news","Economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years","url":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years","name":"15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS - Tanzania","isPartOf":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/a65831407709efcf0cc171739203690d.jpg","datePublished":"2020-07-23T17:17:54+00:00","author":{"@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"THE 15-year Treasury bond coupon rate of 13.5 per cent is the highest in two years before the introduction of longer tenure bond.The bond was the most","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#primaryimage","url":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/a65831407709efcf0cc171739203690d.jpg","contentUrl":"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/07\/a65831407709efcf0cc171739203690d.jpg","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/tanzania\/economy\/15-year-bond-coupon-rate-highest-in-two-years#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/tanzania\/"},{"@type":"ListItem","position":2,"name":"15-YEAR BOND COUPON RATE HIGHEST IN TWO-YEARS"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/tanzania\/#website","url":"https:\/\/www.africa-press.net\/tanzania\/","name":"Tanzania","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/tanzania\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/12492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/comments?post=12492"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/posts\/12492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media\/12475"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/media?parent=12492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/categories?post=12492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/tanzania\/wp-json\/wp\/v2\/tags?post=12492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}