BUSINESS NEWS

TBs appetite dries up

Zimbabwe failed to raise the targeted amount through Treasury Bills in the last two auctions, underlining the huge disconnect between inflation "realities" being experienced by investors and expectati...

By Staff reporter | Published: 18 October 2019
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FINANCIAL SERVICES

Fifth TBs batch on the market

THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fifth batch of treasury bills (TBs), seeking to raise ZWL$150 million to finance Government programmes. Last week, RBZ was on...

By Staff reporter | Published: 10 October 2019
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FINANCIAL SERVICES

RBZ floats $300m additional TBs

THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fourth batch of treasury bills (TBs), this time seeking to raise ZWL$300 million to finance Government programmes. The latest...

By Staff reporter | Published: 04 October 2019
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FINANCIAL SERVICES

RBZ third batch of TBs oversubscribed

THE Reserve Bank of Zimbabwe (RBZ) said on Friday it got offers four times more than the $100 million it sought to raise through treasury bills (TBs), signalling high investor appetite in the instrume...

By New Ziana | Published: 30 September 2019
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TRANSPORT & TOURISM

Air Zimbabwe demands outstanding TBs to purchase an Embraer aircraft

Air Zimbabwe has engaged the Treasury and the Reserve Bank of Zimbabwe for the release of outstanding Treasury Bills (TBs) amounting to US$4 million for the purchase of an Embraer aircraft. Government...

By Staff reporter | Published: 14 June 2019
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FINANCIAL SERVICES

Accountants issue TBs warning

Chartered Accountants have warned of the need to put parameters guarding against Treasury Bills (TBs) losing their intrinsic value.TBs are used by government when borrowing from the domestic market to...

By Staff reporter | Published: 04 May 2018
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FINANCIAL SERVICES

'Banks de-risk, invest in TBs'

PARLIAMENT's Budget Office says banks have reduced lending to the private sector, choosing instead to de-risk by investing in secure Government instruments such as Treasury Bills.Increased lending to ...

By Staff reporter | Published: 26 March 2018
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BUSINESS NEWS

Govt issues $200 million worth of TBs

Government has issued about $200 million worth of Treasury Bills to settle debts owed by parastatals and local authorities to the country's power utility, Zesa Holdings. This is the part of $535 milli...

By Staff reporter | Published: 20 October 2017
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BUSINESS NEWS

'Zimbabwe could default Treasury Bills payment'

THE Parliamentary Budget Office has warned that the Government could default on its Treasury Bills payment obligations on maturity, a development it fears could leave most local commercial banks, whic...

By Staff reporter | Published: 19 October 2017
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FINANCIAL SERVICES

Treasury Bills, loans give RBZ governor headache

RESERVE Bank of Zimbabwe (RBZ) governor says he is worried about the creation of money through the issuance of Treasury Bills and loans which is causing a mismatch between local RTGS balances and nost...

By Staff reporter | Published: 27 July 2017
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