Results of Government of Lesotho Treasury Bill- Auction

Treasury Bills Issue Number            :    TB-091-05102005

Auction Date                                         :    05 October, 2005 

Settlement Datel                                 :     07 October 2005

Maturity Date                                        :    06 January 2006    

Amount Offered (Face Value)            :    M 150 million                             

Total of bids received:                          :   M 396.2 million

Amount Issued                                      :    M 150 million

Allocation Price of successful bids    :    98.320

Equivalent Discount Rate                     :      6.7385%

Equivalent Annual Effective Yield         :      7.0319%

Allocation at the cut-off                           :     100%

Range of successful prices                  :     99.615 - 98.320

Range of unsuccessful prices              :     98.320 - 98.215  

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