Regulatory Alerts2020-02-01
Instruction on Treasury Securities Auctions
The Central Bank of the Republic of Guinea issued Instruction N° 075/DGCC/DPMC/17 on November 17, 2017, to establish the procedures for organizing auctions of Treasury bills and bonds on the money market. This instruction details the characteristics of these dematerialized securities, their issuance, remuneration, and repayment terms, reserving direct subscriptions for primary banks and entities with Central Bank accounts. It further outlines the auction process, settlement procedures, penalties for insufficient funds, and the required post-auction information, including specific calculation formulas and statistical definitions.
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