The Central Bank of Lesotho invites bids for Government of Lesotho Treasury Bills.

The auction details are:

Treasury Bills Issue Number                   :           TB-091-02012008

Auction Date                                         :           02 January 2008

Amount offered (Face Value)                   :           M 150 million

Maturity Date (no. of days)                      :           04 April 2008

Deadline for submission of bids               :           3:00 p.m., 31 December 2007

Announcement of Results                       :           2:00 p.m., 02 January 2008

Deadline for Payment                             :           3:00 p.m., 04 January 2008

Settlement Date                                                 04 January 2008

The discount rate on 91-days Government of Lesotho Treasury Bills at the most recent similar auction was 8.8242 per cent per annum.

The minimum bid for competitive bids is M 250,000.  Bidders must complete the details on tender form CBL/TBR/1. All bids in sealed envelopes must be deposited in the “Tender Box: Competitive Bids” in the foyer of the Central Bank of Lesotho, Maseru, by the deadline for submission of bids as shown above.