Results of Government of Lesotho Treasury Bill Tender - No. 91

Treasury Bills Issue Number                     :    TB -091-03052006

Auction Date                                           :     03 May 2006

Settlement Date                                      :     05 May 2006

Maturity Date                                          :     04 August 2006

Amount Offered (Face Value)                    :     M 150 million

Total of bids received                                :     M 125.54million

Amount Issued                                         :     M 125.54 million

Allocation Price of successful bids             :     98.230

Equivalent Discount Rate                          :      7.0995%

Equivalent Annual Effective Yield                :     7.2274%         

Allocation at the cut-off                              :     100%

Range of successful prices                        :     98.505-98.230

Range of unsuccessful prices                     :     Nil