Domestic
Debt Markets
I
n the second quarter of the 2014 financial year, the Governor of The Bank Of Sierra Leone, Dr. Sheku Sambadeen Sesay announced a major policy stance that will see the lowest bond yields in Sierra Leone for over a decade. The markets reacted to the
Governors’ keynote speech which witnessed yields on 182-day notes fall to 9.74% on May 10, down almost 16 percentage points
since the last sale of 2012. Debt with 364-day maturities finally retreated 14% to 11.4% from the previous week.
Central Bank Treasuries – Snapshot of May Notes
Sierra Leone benchmark yield: May 2014 issue
91-Days
182-Days
364-Days
Amount Issued (SLL. Mn)
7,480.20
13,923
19,175
Highest Bid Price (%)
99.8
98.8
95.2
Lowest Bid Price (%)
99.5
98.4
94.6
Lowest Accepted Price (%)
99.5
98.6
94.9
Average Discount Price (%)
99.58
98.69
95.11
Annual Yield (%)
1.69
2.66
5.14
Central Bank Treasuries - Snapshot of June Notes
91-Days
182-Days
364-Days
Amount Issued (SLL. Mn)
6,041.90
25,431.15
30,060.15
Highest Bid Price (%)
99.7
98.9
95.5
Lowest Bid Price (%)
99.5
98.8
95.2
Lowest Accepted Price (%)
99.5
98.8
95.2
Average Discount Price (%)
99.5
98.82
95.27
Annual Yield (%)
2.02
2.39
4.96
Central Bank Treasury Bills -Varying Maturities & Issue Values
Bank of Sierra Leone Varying Notes
Maturity Period
Issue Date
Maturity Date
Amount (Le)
91-Days
12-Jun-14
11-Sep-14
4,552,800,000.00
182-Days
12-Jun-14
11-Dec-14
12,107,650,000.00
364-Days
12-Jun-14
11-Jun-15
6,950,800,000.00
Average Retail Prime Lending Rates 2Q: 2014