The Bank of Sierra Leone (BSL) has successfully auctioned NLe 633 million in government securities, a move aimed at bolstering the nation’s economy and funding critical development projects.
Awoko reports that the auction, held on February 6, 2025, offered a variety of treasury bills and bonds, catering to both short-term and long-term investment strategies.
The offering included short-term Treasury Bills (T-bills) with maturities ranging from 91 days to one year. Specifically, the auction featured:
NLe 4.47 million in 91-day T-bills, maturing in May 2025
NLe 12.46 million in 182-day T-bills, maturing in August 2025
NLe 482.05 million in 364-day T-bills, maturing in February 2026
For investors seeking longer-term opportunities, the BSL also made available:
NLe 60 million in 2-year Treasury Bonds (T-bonds), maturing in February 2027
NLe 74.1 million in 3-year Treasury Bonds (T-bonds), maturing in February 2028
This diversified portfolio of securities was designed to attract a broad range of investors, from individuals to institutions, while simultaneously providing the government with the necessary capital to finance its programs and meet its financial obligations.
Government securities are a key instrument for economic management, enabling governments to fund infrastructure development, social programs, and other essential initiatives. The NLe 633 million raised through this auction demonstrates the government’s commitment to fostering sustainable economic growth.
To ensure widespread participation, the BSL facilitated access to these investment opportunities through commercial banks and discount houses, making them available to a broader segment of the public.