From Awareness Times Newspaper in Freetown

NOTICES & DOCUMENTS
BANK OF SIERRA LEONE
By
Feb 17, 2010, 17:10

BANK OF SIERRA LEONE

1. YEAR TREASURY BONDS ANNOUNCEMENT

THE BANK OF SIERRA LEONE INVITES APPLICATIONS FOR THE SALE OF TREASURY BONDS THROUGH AN AUCTION SYSTEM ON WEDNESDAY 24TH FEBRUARY 2010

1-YEAR TREASURY BONDS

 


OFFER AMOUNT: LE5, 000,000,000 (FIVE BILLION LEONES ONLY)

ISSUED DATE:             WEDNESDAY 24TH FEBRUARY 2010

MATURITY DATE: WEDNESDAY 23RD FEBRUARY 2011

 

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 AUCTIONS IS EXTENDED TO THE NON-BANK PUBLIC ONLY.

THE MARKET OPENS ON FRIDAY 12TH FEBRUARY 2010 AND CLOSES ON MONDAY 22ND FEBRUARY 2010.

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 THE COMMERCIAL BANKS AND DISCOUNT HOUSES.


BIDS SHOULD BE SUBMITTED NOT LATER THAN 16:30 HOURS ON TUESDAY 23RD FEBRUARY 2010.

 

 

MONEY MARKET DIVISON

BANK OF SIERRA LEONE

FEBRUARY 12, 2010 



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