The auction details are:

Treasury Bills Issue Number                   :           TB-091- 01112006

Auction Date                                         :           01 November 2006

Amount offered (Face Value)                   :           M 170 million

Maturity Date (no. of days)                      :           02 February 2007

Deadline for submission of bids               :           3:00 p.m., 31 October 2006

Announcement of Results                       :           2:00 p.m., 01 November 2006

Deadline for Payment                             :           3:00 p.m., 03 November 2006

Settlement Date                                     :           03 November 2006

The discount rate on 91-days Government of Lesotho Treasury Bills at the most recent similar auction was 6.8588 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.