DAR ES SALAAM, Aug. 12 -- BANK of Tanzanias auction of 25-year Treasury Bonds saw an overwhelming response, with bids exceeding the offer by nearly five times, a record-breaking moment in the nations securities market.

The government wanted to raise 264.31bn/- through the 25 years bond, but the amount tendered rose to 1.23tri/-.

The Central Bank took exactly 264.31bn/- in successful bids, precisely matching the amount offered and resisted the temptation to absorb more liquidity, even at favourable pricing. The strong oversubscription of the 25-year Treasury Bonds signals heightened investor confidence in Tanzanias economic future and government policies.

It reflects trust in the countrys ability to manage long-term debt obligations and...