{"id":16446,"date":"2012-11-06T20:37:18","date_gmt":"2012-11-06T18:37:18","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/cash-strapped-zimbabwe-fails-to-sell-t-bills-again\/"},"modified":"2012-11-06T20:37:18","modified_gmt":"2012-11-06T18:37:18","slug":"cash-strapped-zimbabwe-fails-to-sell-t-bills-again","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/cash-strapped-zimbabwe-fails-to-sell-t-bills-again\/","title":{"rendered":"Cash-strapped Zimbabwe fails to sell T-bills again"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Fails to sell $30 mln in T-bills<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Banks demanding high yields for debt<\/p>\n<p><span><\/span><\/p>\n<p>* Zimbabwe struggles to revive debt market<\/p>\n<p><span><\/span><\/p>\n<p>By Nelson Banya<\/p>\n<p><span><\/span><\/p>\n<p>HARARE, Nov 6 (Reuters) &#8211; Zimbabwe failed to sell treasury<br \/>\nbills for the third time in around a month on Tuesday, traders<br \/>\nsaid, as wary banks brushed off government pressure to help<br \/>\nrevive the domestic debt market.<\/p>\n<p><span><\/span><\/p>\n<p>Cash-strapped Zimbabwe is trying to relaunch its T-bill<br \/>\nmarket but has seen little interest from commercial banks, which<br \/>\nare demanding hefty yields to hold the short-term debt.<\/p>\n<p><span><\/span><\/p>\n<p>The central bank had said in private meetings it would<br \/>\ngarnish money from foreign lenders as punishment for refusing to<br \/>\nbuy the bills, one banker familiar with the matter told Reuters.<\/p>\n<p><span><\/span><\/p>\n<p>Dealers said Tuesday&#8217;s $30 million offering of 91-day bills<br \/>\nattracted just $8.65 million worth of bids, with yields ranging<br \/>\nfrom 8.5 to 12 percent.<\/p>\n<p><span><\/span><\/p>\n<p>The government relaunched the treasury bill market last<br \/>\nmonth but has managed just one successful auction in four<br \/>\nattempts &#8212; selling $9.85 billion on Oct. 26.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Fails to sell $30 mln in T-bills * Banks demanding high yields for debt * Zimbabwe struggles to revive debt market By Nelson Banya HARARE, Nov 6 (Reuters) &#8211; Zimbabwe failed to sell treasury bills for the third time in around a month on Tuesday, traders said, as wary banks brushed off government pressure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16446","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16446"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16446\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}