1- YEAR TREASURY BILLS AUCTION ANNOUNCEMENT

THE BANK OF SIERRA LEONE INVITES APPLICATION FOR THE SALE OF 1-YEAR TREASURY BILLS TO THE FACE VALUE OF LE 1,000,000,000 (ONE BILLION LEONES ONLY) ON FRIDAY 25TH APRIL 2008 THROUGH AN AUCTION SYSTEM. THE AUCTION IN RESPECT OF THE 1-YEAR TREASURY BILLS WILL BE HELD ON FRIDAY 25TH APRIL 2008 TO MATURE ON FRIDAY 24TH APRIL 2009.

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.

THE MARKET OPENS ON MONDAY 14TH APRIL 2008 AND CLOSES ON WEDNESDAY 23RD APRIL 2008.

BIDS SHOULD BE SUBMITTED NOT LATER THAN 16:30 HOURS ON THURSDAY 24TH APRIL 2008.

Policy & Domestic Debt Division
Banking Department
Bank of Sierra Leone