Regulatory Alerts2001-01-01
Number of Bids to Be Submitted on Treasury Bills and Bonds Auctions
The Bank of Zambia has reduced the maximum number of bids that commercial banks and primary market participants may submit during Treasury bills and bonds auctions. Effective from Tender 32/2001 and 09/2001/BA, each participant is restricted to submitting only one bid per maturity category. This limitation caps Treasury bill submissions at four bids across the 28, 91, 182, and 273-day tenors, and bond submissions at three bids across the 12, 18, and 24-month tenors per auction.
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