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2 | Date of issue | Date of maturity | Tenor | Coupon rate | Treasury Bill USD | Interest | Total | Treasury Bill No. | Purpose if known | Note | Source | Links to source 1 | 2 | 3 | 4 | 5 | |
3 | 31-Aug-16 | 30-Aug-18 | 730 | 5% | $10,226,275.00 | $511,314.00 | $10,737,589.00 | N/A | Blue Book / Budget material, 2018 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p32/a2088535 | |||||||
4 | 31-Aug-16 | 31-Aug-19 | 1095 | 5% | $10,226,274.61 | $511,314.00 | $10,737,588.61 | ZTB1095 20160831B | Blue Book / Budget material, 2018, 2019 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088536 | https://www.documentcloud.org/documents/21416307-2019-budget-material-blue_book_combined#document/p304/a2088555 | ||||||
5 | 7-Oct-16 | 5-Jan-18 | 455 | 5% | $20,347,329.00 | $1,268,224.00 | $21,615,553.00 | N/A | Blue Book / Budget material, 2018 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088536 | |||||||
6 | 7-Oct-16 | 5-Apr-18 | 545 | 5% | $20,347,329.00 | $1,519,081.00 | $21,866,410.00 | N/A | Blue Book / Budget material, 2018 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p32/a2088538 | |||||||
7 | 28-Dec-16 | 23-Mar-18 | 450 | 5% | $31,800,000.00 | $1,960,274.00 | $33,760,274.00 | N/A | Blue Book / Budget material, 2018 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088539 | |||||||
8 | 9-Jan-17 | 9-Jan-18 | 365 | 5% | $31,800,000.00 | $1,590,000.00 | $33,390,000.00 | ZTB365 201701098B | Command Agriculture | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p7/a2088520 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088539 | |||||
9 | 9-Jan-17 | 23-Mar-18 | 438 | 5% | $8,831,719.75 | $529,903.00 | $9,361,622.75 | ZTB438 20170109C | Command Agriculture | Reserve Bank evidence to PAC | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p7/a2088521 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088553 | |||||
10 | 19-Apr-17 | 11-Apr-18 | 357 | 5% | $26,253,750.00 | $1,283,916.00 | $27,537,666.00 | ZTB357 20170419A | Presidential Inputs Scheme | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p8/a2088522 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088542 | |||||
11 | 15-May-17 | 15-May-18 | 365 | 4% | $756,731.25 | $30,629.00 | $787,360.25 | ZTB365 201701515C | Facility Fee - Presidential Inputs Scheme | Reserve Bank evidence to PAC | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p9/a2088523 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088550 | |||||
12 | 15-May-17 | 15-May-18 | 365 | 0% | $24,195,000.00 | $2.00 | $24,195,002.00 | ZTB365 20170515A | Presidential Inputs Scheme | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p10/a2088524 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088543 | |||||
13 | 28-Jul-17 | 10-Dec-18 | 500 | 0.00001% | $16,738,000.00 | $2.00 | $16,738,002.00 | ZTB500 20170728G | Command Agriculture | These five Treasury Bills derived from one Issuance Note for $83,690,000. See next sheet/tab: "Relationship between TB issuance notes and TBs" | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p11/a2088525 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088542 | ||||
14 | 28-Jul-17 | 5-Nov-18 | 465 | 0.00001% | $16,738,000.00 | $2.00 | $16,738,002.00 | ZTB465 20170728H | Command Agriculture | These five Treasury Bills derived from one Issuance Note for $83,690,000. See next sheet/tab: "Relationship between TB issuance notes and TBs" | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p11/a2088525 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088542 | ||||
15 | 28-Jul-17 | 15-Oct-18 | 444 | 0.00001% | $16,738,000.00 | $2.00 | $16,738,002.00 | ZTB444 20170728I | Command Agriculture | These five Treasury Bills derived from one Issuance Note for $83,690,000. See next sheet/tab: "Relationship between TB issuance notes and TBs" | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p11/a2088525 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088546 | ||||
16 | 28-Jul-17 | 11-Sep-18 | 410 | 0.00001% | $16,738,000.00 | $2.00 | $16,738,002.00 | ZTB410 20170728J | Command Agriculture | These five Treasury Bills derived from one Issuance Note for $83,690,000. See next sheet/tab: "Relationship between TB issuance notes and TBs" | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p11/a2088525 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088547 | ||||
17 | 28-Jul-17 | 7-Aug-18 | 375 | 0.00001% | $16,738,000.00 | $2.00 | $16,738,002.00 | ZTB375 20170728K | Command Agriculture | These five Treasury Bills derived from one Issuance Note for $83,690,000. See next sheet/tab: "Relationship between TB issuance notes and TBs" | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p11/a2088525 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088548 | ||||
18 | 31-Jul-17 | 31-Jul-18 | 365 | 4% | $3,347,600.00 | $133,904.00 | $3,481,504.00 | ZTB365 20170731 | Facility Fee - Command Agriculture | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p12/a2088526 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088549 | |||||
19 | 31-Aug-17 | 31-Aug-18 | 365 | 0% | $83,690,000.00 | $8.00 | $83,690,008.00 | ZTB365 201700831B | Command Agriculture | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p13/a2088527 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088550 | |||||
20 | 15-Sep-17 | 14-Sep-18 | 364 | 0% | $83,690,000.00 | $8.00 | $83,690,008.00 | ZTB364 201700915C | Command Agriculture | Reserve Bank evidence to PAC, Budget material 2018 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p14/a2088528 | https://www.documentcloud.org/documents/21416306-2018-budget-material-estimates-of-expenditures#document/p31/a2088551 | |||||
21 | 21-Dec-17 | 21-Dec-18 | 365 | 0% | $83,690,000.00 | $0.00 | $83,690,000.00 | ZTB365 20171221B | Command Agriculture | Reserve Bank evidence to PAC | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p15/a2088529 | ||||||
22 | 14-Mar-18 | 13-Mar-19 | 364 | 0% | $127,817,681.00 | $12.75 | $127,817,693.75 | ZTB364 20180314A | Command Agriculture - includes $4,123,151 Facility Fee | Four Issuance Notes—for $17,574,750; $585,825; $106,119,780; and $3,537,326—resulted in one Treasury Bill totalling $127,817,681. See next sheet/tab: "Relationship between TB issuance notes and TBs" | Reserve Bank evidence to PAC, Budget material 2019 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p72/a2088530 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p73/a2088531 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p74/a2088532 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p75/a2088533 | https://www.documentcloud.org/documents/21416307-2019-budget-material-blue_book_combined#document/p306/a2088556 | |
23 | 16-Apr-18 | 16-Apr-19 | 365 | 0% | $106,119,780.00 | $0.00 | $106,119,780.00 | ZTB365 20180416B | Command Agriculture | Reserve Bank evidence to PAC, Budget material 2019 | https://www.documentcloud.org/documents/21416182-zimbabwe_treasury_bills#document/p76/a2088534 | ||||||
24 | 27-Jun-18 | 27-Jun-19 | 365 | 5% | $40,000,000.00 | $2,000,000.00 | $42,000,000.00 | ZTB365 20180627A | Blue Book / Budget material, 2019 | https://www.documentcloud.org/documents/21416307-2019-budget-material-blue_book_combined#document/p307/a2088557 | |||||||
25 | 27-Jun-18 | 27-Dec-19 | 548 | 5% | $40,000,000.00 | $3,002,739.73 | $43,002,739.73 | ZTB548 20180627E | Blue Book / Budget material, 2019 | https://www.documentcloud.org/documents/21416307-2019-budget-material-blue_book_combined#document/p309/a2088558 | |||||||
26 | 27-Jun-18 | 29-Jun-20 | 733 | 5% | $47,501,154.00 | $4,796,636.00 | $52,297,790.00 | ZTB733 20180627C | Blue Book / Budget material, 2020 | https://www.documentcloud.org/documents/21416308-2020-budget-material-proposed-budget-estimates#document/p451/a2088559 | |||||||
27 | 25-Jul-18 | N/A | N/A | $2,016,682.85 | $2,016,682.85 | N/A | Ministry of Finance evidence to PAC | https://www.documentcloud.org/documents/21416553-mof-schedule-of-payments-to-sakunda#document/p1/a2088560 | |||||||||
28 | 7-Jan-2019 | 7-Jan-2020 | 365 | 7% | $366,000,000.00 | $366,000,000.00 | ZTB365 20190109B | Command Agriculture ($204 or $202 million returned or cancelled). | This T-Bill does not feature in any official document. Sakunda's PAC testimony provides evidence of the T-Bill's existence, while the Landela letters and Sakunda communications (see links) provide the detail on the purpose, issue date, ZTB number and coupon rate of this T-Bill. Sakunda said in communication with The Sentry, or in PAC testimony, that either $202 or $204 million of this T-Bill was returned or cancelled. | Sakunda PAC testimony and communication with Sentry. | https://www.documentcloud.org/documents/21416681-pac-transcript-regarding-sakunda-366-million-treasury-bill | https://www.documentcloud.org/documents/21416686-landela-letters-regarding-256-part-of-366-million-treasury-bill#document/p3/a2088567 | https://www.documentcloud.org/documents/21416697-extracts-from-sakunda-response-linking-256-and-366-million-t-bill | ||||
29 | Sub total | $1,252,347,306.46 | $19,137,975.48 | $1,271,485,281.94 | |||||||||||||
30 | Of which… | ||||||||||||||||
31 | Command Agriculture | $1,201,141,825.21 | |||||||||||||||
32 | Presidential Inputs Scheme | $51,205,481.25 | |||||||||||||||
33 | |||||||||||||||||
34 | Cash payments | Cash US$ | Source | ||||||||||||||
35 | Feb-17 | Cash: NOCZIM Debt Fund | $47,666,667.00 | Sakunda PAC testimony and communication | |||||||||||||
36 | 2019 | Cash advance | $182,500,790.00 | Sakunda PAC testimony and communication | |||||||||||||
37 | Sub total | $230,167,457.00 | |||||||||||||||
38 | |||||||||||||||||
39 | Total | $1,482,514,763.46 | |||||||||||||||
40 | $204m of Jan 2019 $366m TB returned | $204,000,000.00 | |||||||||||||||
41 | Total | $1,278,514,763.46 |
1 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
2 | Date of issuance note | Purpose | Issuance note no. | Issuance note USD | Date of Treasury Bill | Treasury Bills USD | Treasury Bill number | Coupon rate | Tenor | ||
3 | 21-Dec-16 | Command Agriculture | 50/2016 | 40,631,719.75 | 9-Jan-17 | $31,800,000.00 | ZTB365 201701098B | 5% | 365 days | ||
4 | 9-Jan-17 | $8,831,719.75 | ZTB438 20170109C | 5% | 438 days | ||||||
5 | 19-Apr-17 | Presidential Inputs Scheme | 18/2017 | 26,253,750.00 | 19-Apr-17 | $26,253,750.00 | ZTB357 20170419A | 0% | 357 days | ||
6 | 12-May-17 | Facility fee - Presidential Inputs Scheme | 21/2017 | 756,731.25 | 15-May-17 | $756,731.25 | ZTB365 201701515C | 4% | 365 days | ||
7 | 12-May-17 | Presidential Inputs Scheme | 21/2017 | 24,195,000.00 | 15-May-17 | $24,195,000.00 | ZTB365 20170515A | 0% | 365 days | ||
8 | 20-Jul-17 | Sakunda Holdings for Command Agriculture | 35/2017 | 83,690,000.00 | 28-Jul-17 | $16,738,000.00 | ZTB500 20170728G | 0.00001% | 500 days | ||
9 | 28-Jul-17 | $16,738,000.00 | Z465 20170728H | 0.00001% | 465 days | ||||||
10 | 28-Jul-17 | $16,738,000.00 | ZTB444 20170728I | 0.00001% | 444 days | ||||||
11 | 28-Jul-17 | $16,738,000.00 | ZTB410 20170728J | 0.00001% | 410 days | ||||||
12 | 28-Jul-17 | $16,738,000.00 | ZTB375 201700728K | 0.00001% | 375 days | ||||||
13 | 20-Jul-17 | Sakunda Holdings Facility fee - financing of agricultural inputs | 37/2017 | 3,347,600.00 | 31-Jul-17 | $3,347,600.00 | ZTB365 20170731 | 4% | 365 days | ||
14 | 25-Aug-17 | Sakunda Holdings for Command Agriculture | 40/2017 | 83,690,000.00 | 31-Aug-17 | $83,690,000.00 | ZTB365 201700831B | 0% | 365 days | ||
15 | 28-Aug-17 | Sakunda Holdings for Command Agriculture | 41/2017 | 83,690,000.00 | 15-Sep-17 | $83,690,000.00 | ZTB364 201700915C | 0% | 365 days | ||
16 | 19-Dec-17 | Sakunda Holdings for Command Agriculture | 57/2017 | 83,690,000.00 | 21-Dec-17 | $83,690,000.00 | ZTB365 20171221B | 0% | 365 days | ||
17 | 9-Mar-18 | Sakunda Holdings for Command Agriculture - 2018 Winter Wheat | 3/2018 | 17,574,750.00 | 14-Mar-18 | $127,817,681.00 | ZTB364 20180314A | 0% | 364 days | ||
18 | 9-Mar-18 | Sakunda Holdings Facility fee for Command Agriculture - 2018 Winter Wheat | 4/2018 | 585,825.00 | |||||||
19 | 9-Mar-18 | Sakunda Holdings for Command Agriculture - 2018/19 Summer Maize and Soya Beans | 5/2018 | 106,119,780.00 | |||||||
20 | 9-Mar-18 | Sakunda Holdings Facility fee for Command Agriculture - 2018/19 Summer Maize and Soya Beans | 6/2018 | 3,537,326.00 | |||||||
21 | 13-Apr-18 | Sakunda Holdings for Command Agriculture - 2018/19 Summer Maize and Soya Beans | 9/2018 | 106,119,780.00 | 16-Apr-18 | $106,119,780.00 | ZTB365 20180416B | 0% | 365 days | ||
22 | 25-Jul-18 | Payment to Sakunda according to MOF, not included in information provided by the RBZ | 2,016,682.85 | $2,016,682.85 |