1 YEAR TREASURY BONDS

THE BANK OF SIERRA LEONE INVITES APPLICATIONS FOR THE SALE OF TREASURY BONDS THROUGH AN AUCTION SYSTEM ON TUESDAY 18^TH MARCH, 2014.

1-YEAR TREASURY BONDS

OFFER AMOUNT:  LE6,566,200,000 (SIX BILLION, FIVE HUNDRED AND SIXTY SIX MILLION, TWO HUNDRED THOUSAND LEONES ONLY)

ISSUE DATE:   TUESDAY 18^TH MARCH, 2014

MATURITY DATE:  TUESDAY 17^TH MARCH, 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 MONDAY 10^TH MARCH, 2014 AND CLOSES ON FRIDAY 14^TH MARCH, 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 MONDAY 17^TH MARCH, 2014.

MONEY MARKET DIVISION

BANK OF SIERRA LEONE

MARCH 10^TH, 2014

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