BANK OF BOTSWANA CERTIFICATES AUCTION ANNOUNCEMENT

 AUGUST 16, 2010

1.  THE BANK OF BOTSWANA WILL ISSUE ONE TRANCHE OF BOBCS ON WEDNESDAY, AUGUST 18,   2010  AS FOLLOWS:

 -     A 14-DAY PAPER MATURING ON SEPTEMBER 01, 2010. TOTAL AMOUNT OFFERED: P4 000 MILLION.

2. THE PRICING OF THE 14-DAY CERTIFICATE WILL BE CONDUCTED THROUGH THE MULTIPLE PRICE METHOD (AMERICAN AUCTION).

3. ALL APPLICATIONS SHOULD BE DELIVERED TO THE BANK OF BOTSWANA, BEFORE 09.30 A.M. ON TUESDAY, AUGUST 17, 2010.

4. THE MINIMUM ACCEPTABLE AMOUNT PER BID SHALL BE P50 000.

5. THE MAXIMUM ACCEPTABLE NUMBER OF BIDS SHALL BE FOUR FOR COUNTERPARTIES OWN ACCOUNT PER ISSUE.

 
T. A. Kganetsano
MANAGER (OMO)
FINANCIAL MARKETS DEPARTMENT