Regulatory Alerts2022-01-01
Revised Government Securities Bidding Timelines 2022
The Bank of Zambia mandates a 16:00 hours cut-off time for all physical and electronic bid applications in Treasury bill and government bond auctions. This deadline requires submissions to occur on the business day prior to the auction, with late bids automatically deemed ineligible. The immediate policy change ensures sufficient processing time and standardizes bidding timelines across all government securities auctions.
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