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Treasury Bills Announcement

Treasury Bills Announcement

THE BANK OF SIERRA LEONE ANNOUCES THE RESULT OF TREASURY BILLS AUCTION HELD THURSDAY FEBRUARY 6, 2020 AS FOLLOWS:

  91- DAYS 182-DAYS 364-DAYS
Amount Issued (Le. Mn) 254.65 406.90 194,246.60
Highest Bid Price (%) 97.80 94.05 80.50
Lowest Bid Price (%) 97.80 94.00 80:00
Lowest Accepted Price (%) 97.80 94.00 80:00
Average Discount Price (%) 97.80 94.00 80:03
Annual Yield (%) 9.33 13.21 25:03

DETAILS OF NEXT WEEK’S OFFER OF GOVERNMENT SECURITIES WILL BE AS FOLLOWS:

MATURITY PERIOD ISSUE DATE MATURITY DATE AMOUNT (LE) AMOUNT IN WORDS
91- Days TBills 13-Feb-20 14-May-20 508,350,000.00 Five Hundred and Eight Million, Three Hundred and Fifty Thousand Leones
182-Days TBills 13-Feb-20 13-Aug-20 1,572,600,000.00 One Billion, Five Hundred and Seventy Two Million Six Hundred Thousand Leones
364-Days TBills 13-Feb-20 11-Feb-21 129,461,700,000.00 One Hundred and Twenty Nine Billion, Four Hundred and Sixty One Million, Seven Hundred Thousand Leones

BIDS SHOULD BE SUBMITTED TO THE BANK OF SIERRA LEONE NOT LATER THAN 4:00PM ON WEDNESDAY FEBRUARY 12, 2020. MEMBERS OF THE GENERAL PUBLIC WHO MAY WISH TO INVEST SHOULD APPLY THROUGH ANY COMMERCIAL BANK OR DISCOUNT HOUSE IN THE COUNTRY BEFORE THE SUBMISSION DATE. BIDS CAN BE SUBMITTED FOR A MINIMUM AMOUNT OF LE 500,000 AND IN MULTIPLES OF LE 50,000 FOR HIGHER AMOUNTS.

PARTICIPANTS ARE HOWEVER INFORMED THAT BASED ON THE DISCRETION OF THE AUCTION COMMITTEE, THE AUCTION SIZE CAN BE INCREASED OR DECREASED BY TEN PERCENT

Money Market Division

Financial Markets Department

6th February, 2020

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