Bank of Ethiopia offers range of T-bills for sale

April 7, 2008 (ADDIS ABABA) — The National Bank of Ethiopia is offering for sale a range treasury bills valued at 2.534 billion birr ($266.5 million), it said on Monday.

It is offering a 28-day treasury bill worth 560 million birr maturing on May 7, 2008, a 91-day treasury bill worth 500 million birr maturing on June 9, 2008 and a 182-day treasury bill worth 1.474 billion birr, maturing on October 8, 2008.

The bank said in a notice published in state-run Ethiopian Herald newspaper that the bills can be bought for a minimum amount of 5,000 birr and thereafter in its multiples.

The bills will be sold on April 9 and results announced on the same day. The deadline for submitting bids is on April 8.

The bank said any income derived from the treasury bills or operations is tax-exempt.

(Reuters)