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 Government Treasury Bills - Auction 190

The Central Bank of Lesotho invites bids for Government of Lesotho Treasury Bills

Details are as follows:

Auction Date                 : 01 Sep 2010

Settlement Date            : 01 Sep Aug 2010

Bids Close                    : 3.00 p.m., 31 Aug 2010

Results at                     : 10.00 a.m., 01 Sep 2010

Days

91

182

273

364

Maturity dates

2010 Dec 01

2011 Mar 02

2011 Jun 01

2011 Aug 31

Amount Offered

M 10.0Million

M 10.0Million

M 7.0Million

M 7.0 Million

Recent Similar Discount Rate

6.3574%

6.6181%

7.2599%

7.4003%

The minimum bid amounts for competitive and non-competitive bids are M100,000 and M5,000 respectively.  Bidders must complete the details on tender form CBL/TBR/1. Both Competitive Bids and Non-Competitive Bids in sealed envelopes must be deposited in the tender boxes marked “Tender Box: Competitive Bids” or “Tender Box: Non-Competitive Bids” respectively, in the foyer of the Central Bank of Lesotho, Maseru, by the deadline for submission of bids as shown above.

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