The auction details are:

Treasury Bills Issue Number       :           TB-091-02042008

Auction Date                             :           02 April 2008

Amount offered (Face Value)       :           M 150 million

Maturity Date (no. of days)          :           04 July 2008

Deadline for submission of bids   :           3:00 p.m., 01 April 2008

Announcement of Results           :           2:00 p.m., 02 April 2008

Deadline for Payment                 :           3:00 p.m., 29 February 2008

Settlement Date                         :           04 April 2008

The discount rate on 91-days Government of Lesotho Treasury Bills at the most recent similar auction was 9.2052 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.