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

 The auction details are: 

Treasury Bills Issue Number            :    TB-091-31102007

Auction Date                                         :    31 October 2007 

Amount offered (Face Value)            :    M 160 million 

Maturity Date (no. of days)                 :    01 February, 2008

Deadline for submission of bids     :    3:00 p.m., 30 October 2007

Announcement of Results                 :    2:00 p.m., 31 October, 2007

Deadline for Payment                         :    3:00 p.m., 02 November 2007

Settlement Date                                   :    02 November,2007

The discount rate on 91-days Government of Lesotho Treasury Bills at the most recent similar auction was 8.3228 per cent per annum.

The minimum bid for competitive bids is M250,000.  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.