The Central Bank of Lesotho invites bids for Government of Lesotho Treasury Bills - Auction 79

 The auction details are: 

Treasury Bills Issue Number            :    TB-091-31082005

Auction Date                                         :    31 August 2005 

Amount offered (Face Value)            :    M 100 million 

Maturity Date (no. of days)                 :    02 December 2005

Deadline for submission of bids     :    3:00 p.m., 30 August 2005

Announcement of Results                 :    2:00 p.m., 31 August 2005

Deadline for Payment                         :    3:00 p.m., 01 September 2005

Settlement Date                                   :    02 September 2005

The discount rate on 91-days Government of Lesotho Treasury Bills at the most recent similar auction was 7.02 per cent per annum.

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 Box: Competitive Bids” in the foyer of the Central Bank of Lesotho, Maseru, by the deadline for submission of bids as shown above.