The Central Bank of Lesotho invites bids for Government of Lesotho Treasury Bills - Auction 86

 The auction details are: 

Treasury Bills Issue Number            :    TB-182-11012006

Auction Date                                         :    11 January 2006

Amount offered (Face Value)            :    M 50 million 

Maturity Date (no. of days)                 :    14 July, 2006

Deadline for submission of bids     :    3:00 p.m., 10 January 2006

Announcement of Results                 :    2:00 p.m., 11 January 2006

Deadline for Payment                         :    3:00 p.m., 12 January 2006

Settlement Date                                   :    13 January 2006

The discount rate on 182-days Government of Lesotho Treasury Bills at the most recent similar auction was 6.9992 per cent per annum.

The minimum acceptable bid in this action is M5000 and maximum is M249, 900 for non-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.