Wednesday, December 12, 2018

Terms and Conditions of Tender

  • Each bid should be placed in a sealed envelope addressed to the GOVERNOR, BANK OF GUYANA, GEORGETOWN, and marked “Tender for Treasury Bills” in the top right hand corner; Bids should be deposited in the Tender Box at the Bank of Guyana.
  • In order to be valid, each bid should include the full name and address for each bidder.
  • Treasury Bills will be issued for a minimum amount of G$50,000 and multiples thereof.
  • A separate Tender form should be submitted for each bid.
  • Successful applicants will be notified by the end of the following day after the closing Tender.
  • Successful applicants must pay the Bank of Guyana for each bid accepted in accordance with the price offered in the Tender. Non settlement of accepted bids may result in disqualification from future Tenders.
  • Receipts in respect of Bills purchased may be uplifted at the Bank of Guyana by 10:30 am on the settlement date by successful applicant (s) or his/their authorized representative(s).
  • The Bank reserves the right to reject any bid without offering any reason whatsoever.
  • Discount earned on Treasury Bill investments will be subject to a twenty percent (20%) withholding tax for all Treasury Bills maturing or discounted after April 1, 2003, except where a waiver has been obtained from the Inland Revenue Department and presented to the Bank.

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