Sierra Leone Business: Bank of Sierra Leone Starts Issuing 2-Year Bonds

Business

The Bank of Sierra Leone (BSL) has started issuing 2-year bonds after it stopped in January 2016. The bank is offering Le10.38 billion for auction on 27 January 27. The minister of finance and economic development Momodu Kargbo spoke of introducing medium term bonds in the 2017 budget speech read on 11 November 2016 in parliament, “Our domestic debt and associated interest payments pose serious challenges to fiscal sustainability. During 2016, the interest rates on Treasury Bills more than doubled across all tenures. As a consequence, interest costs are estimated to increase from about Le180 billion in 2016 to about Le474 billion in 2017. To minimize the interest burden and roll-over risk, Government will issue medium term Treasury Bonds during 2017.” Monday January 23, 2017

Fill the forms below to register

Please enter your username or email address to reset your password.