REPURCHASE OF GOVERNMENT SECURITIES THROUGH REVERSE AUCTION: ISINs TN05YR240920, TN05YS240920 AND TN02YR040920

RESERVE BANK OF MALAWI

REPURCHASE OF GOVERNMENT SECURITIES THROUGH REVERSE AUCTION: ISINs

TN05YR240920, TN05YS240920 AND TN02YR040920

Under instruction from the Ministry of Finance, the Reserve Bank of Malawi (RBM) wishes to notify the general public that it will repurchase securities with ISIN numbers TN05YR240920, TN05YS240920 and TN02YR040920 through a Reverse Auction for an aggregate amount of K30.7 billion. This is part of public debt management strategy.

The RBM is therefore inviting interested holders of these securities to submit their bids for the auction, indicating amount offered and clean price to the Reserve Bank of Malawi via email to [e-mail] 08:00 hrs and 15:30 hrs on 29th January 2020 for T+1 settlement. Auction for the securities will be through a competitive price-based method using multiple price format. Details of the Reverse Auction are as follows:

ISINs	REVERSE AUCTION DATE	TOTAL AMOUNT TO BE
		BOUGHT BACK
TN05YR240920, TN05YS240920	29th January 2020 from 08:00 hrs to	K30.7 Billion
and TN02YR040920	15:30 hrs

For further information, please contact:

1. The Director, Debt and Aid Division, Ministry of Finance, Economic Planning and Development, Capital Hill, P.O. Box 30049, Lilongwe. Telephone: [phone], Fax number: 01 788 592, Email:[e-mail]
   or
2. The Director, Financial Markets Department, Reserve Bank of Malawi, P.O. Box 30063, Lilongwe 3. Telephone: [phone], Fax number: 01 772 219, Email:[e-mail]