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

The auction details are:

Treasury Bills Issue Number                   :           TB-182-07052008

Auction Date                                         :           07 May, 2008

Amount Offered (Face Value)                  :           M 30 million

Maturity Date (no. of days)                      :           07 November, 2008

Deadline for submission of bids               :           3:00 p.m., 06 May 2008

Announcement of Results                       :           2:00 p.m., 07 May 2008

Deadline for Payment                             :           3:00 p.m., 09 May 2008

Settlement Date                                     :           09 May 2008

The discount rate on 182-days Government of Lesotho Treasury Bills at the most recent similar auction was 10.4486 per cent per annum.

The minimum acceptable bid in this auction is M5,000 and maximum is M249,900 for non-competitive bids. 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 Boxes marked: Non-Competitive Bids for non-competitive bids and Competitive Bids for competitive bids” in the foyer of the Central Bank of Lesotho, Maseru, by the deadline for submission of bids as shown above.