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

The auction details are:

Treasury Bills Issue Number             :     TB-182-07112007

Auction Date                                   :     07 November, 2007

Amount Offered (Face Value)            :      M 30 million

Maturity Date (no. of days)                :      09 May, 2008  

Deadline for submission of bids          :      3:00 p.m., 06 Nov.2007

Announcement of Results                  :      2:00 p.m., 07 Nov.2007

Deadline for Payment                        :       3:00 p.m., 09 Nov.2007

Settlement Date                                :       09 Nov, 2007

The discount rate on 182-days Government of Lesotho Treasury Bills at the most recent similar auction was 8.9044 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.