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Central Bank of Gambia: Issue of Three Months, Six Months and One Year Gambia Government Securities

IM Insights
By IM Insights
1 week ago
Central Bank of Gambia: Issue of Three Months, Six Months and One Year Gambia Government Securities

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  1. NOTICE ISSUE OF THREE MONTHS , SIX MONTHS AND ONE YEAR GAMBIA GOVERNMENT SECURITIES Tenders for the following Gambia Government Securities (Treasury Bills and Sukuk-Al-Salaam Bills) amounting to D700,000,000-00 to be issued on Wednesday 16th October, 2019, will be received up to11.00 a.m. on Tuesday 15th October, 2019 in the proportion of; TREASURY BILLS 3 Months - 55 Million 6 Months - 65 Million 12 Months -540 Million SUKUK- AL-SALAAM 3 Months - 10 Million 6 Months - 10 Million 12 Months - 20 Million . Applications from Primary Dealers and Non-Primary Dealers who are qualified to participate directly in the Primary Market should be submitted with full payment for their bids. Tenders below the minimum amount of D5 million should be submitted through a Registered Primary Dealer. Given that the Security Settlement System (SSS) has gone live, all applications for Treasury/SAS bills should be submitted electronically through Primary Dealers before 11.00 a.m. on Tuesdays. Central Bank clients should approach the Open Market Operation (OMO) unit for submission of their bids. Copies of the General Conditions of Issue and Redemption of Government Securities and the Guidelines for Primary Dealership in Money Market Instruments can also be downloaded from the Central Bank Website at www.cbg.gm. BANKING DEPARTMENT CENTRAL BANK OF THE GAMBIA October 8th 2019