OPEN MARKET OPERATION

Announcement of Scheduled Auction

National Bank of Ethiopia invites applications for its Liquidity-Absorbing Open Market Operation (1st auction) as follows:

Auction Date: Thursday, July, 11, 2024

Settlement Date: Thursday, July, 11, 2024

First OMO Auction Announcement

Type of instrument

2-Weeks Deposit-Taking Operation

Starting date of the operation

July 11, 2024

Maturity date of the operation

July 24, 2024

Type of the auction

Fixed price auction

Method of allotment

Fixed rate / full allotment

Fixed interest rate

15%

Starting time for submission of bids

9:00 AM

Closing time for submission of bids

11:00 AM

Time of auction results announcement

3:00 PM

Note: Please use the application form ‘Appendix C-OMO-Form-1’ for submission of bids and applications should be emailed to nbeomo@nbe.gove.et. Any queries contact the MFAD on (+25115175304)

The First OMO auction result for Liquidity-Absorbing Open Market Operation summarized as follow:

1st OMO Acuction Result

OMO Auction Result

Auction No.

OMO-Auction No.1

Date of Auction

July 11/2024

Type of Operations

2-Weeks-Deposit Taking Operation

Total amount of bids submitted by participants (in Billions of Birr)

19.970

Number of bidders

16

Total allotted amount (in Billions of Birr):

19.970

Fixed Interest Rate

15%

Start date of the operations

July 11/2024

Maturity date of the operations

July 24/2024

Settlement Date

July 11/2024

Next Auction Date

The next OMO auction will be held on July 25, 2024

Starting time for submission of bids 9:00 AM
Closing time for submission of bids 11:00 AM
Time of auction results announcement 3:00 PM