News

Treasury bills tender size up

BOZ building.

CHIMWEMWE MWALE, Lusaka
THE Bank of Zambia (BoZ) has made an upward adjustment to the auction sizes treasury bills.
BoZ head of communications Kanguya Mayondi said the increase in Government securities tender sizes is effective today.
Mr Mayondi announced the decision to the public and all investors in Government securities in a notice issued yesterday.
He said the tender size for treasury bills has been increased to K700 million from K450 million.
Mr Mayondi said the new auction size for Government bonds is K800 million from K600 million per auction.
“Kindly note that the BoZ reserves the right to accept bids up to 20 percent above the revised tender sizes,” he said.



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