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1-YEAR TREASURY BONDS ANNOUNCEMENT

1-YEAR TREASURY BONDS ANNOUNCEMENT

THE BANK OF SIERRA LEONE INVITES APPLICATIONS FOR THE SALE OF TREASURY BONDS THROUGH AN AUCTION SYSTEM ON WEDNESDAY 30th JULY, 2014.

1-YEAR TREASURY BONDS

OFFER AMOUNT: LE5, 797,300,000 (FIVE BILLION, SEVEN HUNDRED AND NINETY SEVEN MILLION, THREE HUNDRED THOUSAND LEONES Only)

ISSUE DATE: WEDNESDAY 30th JULY, 2014

MATURITY DATE: WEDNESDAY 29th JULY, 2015

APPLICATIONS SHOULD BE LODGED THROUGH ANY COMMERCIAL BANK OR DISCOUNT HOUSE IN THE COUNTRY FOR A MINIMUM AMOUNT OF LE50, 000. BIDS CAN BE SUBMITTED FOR HIGHER AMOUNTS IN MULTIPLES OF LE50, 000. PARTICIPATION IN THE TREASURY BONDS AUCTION IS EXTENDED TO THE GENERAL PUBLIC ONLY.

The market opens on Tuesday 15TH JULY, 2014 and closes on Tuesday 29TH JULY, 2014.

THE BONDS ARE ISSUED AT FACE VALUE AND INTEREST IS PAID QUARTERLY. THE BONDS HAVE A FIXED MATURITY PERIOD OF 12 (TWELVE) MONTHS BUT CUSTOMERS MAY DISINVEST AT ANY TIME THROUGH THEIR COMMERCIAL BANKS OR DISCOUNT HOUSES.

COMMERCIAL BANKS AND DISCOUNT HOUSES SHOULD SUBMIT THEIR CUSTOMERS’ BIDS TO THE BANK OF SIERRA LEONE NOT LATER THAN 5:30 P.M. ON TUESDAY 29th JULY, 2014.

THE GENERAL PUBLIC IS ALSO INFORMED THAT THE REMAINING OFFER OF TREASURY BONDS FOR THE THIRD QUARTER OF 2014 WILL BE AS FOLLOWS:

OFFER AMOUNT

9,570,100,000

AMOUNT IN WORDS

NINE BILLION, FIVE HUNDRED AND SEVENTY MILLION, ONE HUNDRED THOUSAND LEONES

 

HOWEVER, PLEASE NOTE THAT THE AUCTION SIZE CAN BE INCREASED OR DECREASED BY 30%, BASED ON THE DISCRETION OF THE AUCTION COMMITTEE.

MONEY MARKET DIVISION
BANK OF SIERRA LEONE

JULY 14, 2014.


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