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.
BANK of ZAMBIA PUBLIC NOTICE Cut -off time for Government Securities Auction Bidding The Bank of Zambia wishes to advise the General Public and investors in Government securities that the cut-off time for submission of bid applications to the Bank of Zambia for both Treasury bills and Government bond auctions shall be 16.00 hours on the business day prior to the auction. The timeline applies to the submission of both physical and electronic copies. Any bid submitted outside the set cut-off time shall be ineligible for the auction. The timeline has been set to ensure that bids are received with sufficient time for processing. The notice is with immediate effect. For more information and any clarification, kindly contact the following: HEAD – COMMUNICATIONS Bank of Zambia P O Box 30080 LUSAKA www.boz.zm Email. info@boz.zm Tel: +260 211 399325