The auction details are:

Treasury Bills Issue Number             :           TB-182-09012008

Auction Date                                      :           09 Jan. 2008

Amount Offered (Face Value)           :           M 30 million

Maturity Date (no. of days)                :           11 July  2008

Deadline for submission of bids        :           3:00 p.m., 08 Jan. 2008

Announcement of Results                 :           2:00 p.m., 09 Jan. 2008

Deadline for Payment                        :           3:00 p.m., 11 Jan. 2008

Settlement Date                                 :           11 Jan. 2008

The discount rate on 182-days Government of Lesotho Treasury Bills at the most recent similar auction was 8.9044 per cent per annum.

The minimum acceptable bid in this auction is M5,000 and maximum is M249,900 for non-competitive bids. 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 Boxes marked: Non-Competitive Bids for non-competitive bids and Competitive Bids for competitive bids” in the foyer of the Central Bank of Lesotho, Maseru, by the deadline for submission of bids as shown above.