Dar es Salaam, Jan. 22 -- DAR ES SALAAM: THE Bank of Tanzania (BoT) has raised the coupon rate on a 10-year Treasury bond to 14 per cent, the highest in recent auctions, in what is seen as a strategic measure to restore investor interest in medium-term bonds.

The central bank announced that todays auction for a 10-year treasury bond offers a 14 per cent coupon rate—the highest in recent auctions compared to the previous rates of 10.25 per cent and 11.44 per cent.

Alpha Capitals Head of Business Development and Customer Services, Geofrey Kamugisha, told Daily News yesterday that in last weeks 25-year government bond auction, the central bank maintained bond yields despite lowering the coupon rate from 15.95 per cent to 15.75 per ce...