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 Auction 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

National Bank of Ethiopia invites applications for its Liquidity-Absorbing Open Market Operation (Second Auction) as follows:

Auction Date: Thursday, July, 25, 2024

Settlement Date: Thursday, July, 25, 2024

OMO Invitation Second Auction 

Type of instrument

2-Weeks Deposit-Taking Operation

Starting date of the operation

July 25, 2024

Maturity date of the operation

August 8, 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.gov.et. Any queries contact the MFAD on (+251-5175411 or +251-5175304)

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

Second OMOAuction Result Auction 

Auction No.

OMO-Auction No.2

Date of Auction

July 25/2024

Type of Operations

2-Weeks-Deposit Taking Operation

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

37,535.00

Number of bidders

21

Total allotted amount (in Millions of Birr):

37,535.00

Fixed Interest Rate

15%

Start date of the operations

July 25/2024

Maturity date of the operations

August 8/2024

Settlement Date

July 25/2024

National Bank of Ethiopia invites applications for its Liquidity-Absorbing Open Market Operation (3rd auction) as follows:

Auction Date: Thursday, August 8, 2024

Settlement Date: Thursday, August 8, 2024

OMO Invitation 

Type of instrument

2-Weeks Deposit-Taking Operation

Starting date of the operation

August 8, 2024

Maturity date of the operation

August 22, 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

The 3rd OMO auction result for Liquidity-Absorbing Open Market Operation summarized as follow:

OMO Auction Result

Auction No.

OMO-Auction No.3

Date of Auction

August 8/2024

Type of Operations

2-Weeks-Deposit Taking Operation

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

29,630.00

Number of bidders

12

Total allotted amount (in Millions of Birr):

29,630.00

Fixed Interest Rate

15%

Start date of the operations

August 8/2024

Maturity date of the operations

August 22/2024

Settlement Date

August 8/2024

National Bank of Ethiopia invites applications for its Liquidity-Absorbing Open Market Operation (4th auction) as follows: Auction Date: Thursday, August 22, 2024 Settlement Date: Thursday, August 22, 2024

Description of the Auction

Type of instrument

2-Weeks Deposit-Taking Operation

Starting date of the operation

August 22, 2024

Maturity date of the operation

September 5, 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.gov.et. Any queries contact the MFAD on (+251-5175411 or +251-5175304)

The 4th OMO auction result for Liquidity-Absorbing Open Market Operation summarized as follow: OMO Auction Result

Auction No.

OMO-Auction No.4

Date of Auction

August 22/2024

Type of Operations

2-Weeks-Deposit Taking Operation

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

23,315.8

Number of bidders

9

Total allotted amount (in Millions of Birr):

23,315.8

Fixed Interest Rate

15%

Start date of the operations

August 22/2024

Maturity date of the operations

September 5/2024

Settlement Date

August 22/2024

National Bank of Ethiopia invites applications for its Liquidity-Absorbing Open Market Operation (5th auction) as follows:

Auction Date: Thursday, September 5, 2024

Settlement Date: Thursday, September 5, 2024 Description of the Auction

Type of instrument

2-Weeks Deposit-Taking Operation

Starting date of the operation

September 5, 2024

Maturity date of the operation

September 19, 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

The 5th OMO auction result for Liquidity-Absorbing Open Market Operation summarized as follow: OMO Auction Result

Auction No.

OMO-Auction No.5

Date of Auction

September 5/2024

Type of Operations

2-Weeks-Deposit Taking Operation

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

15,400.0

Number of bidders

5

Total allotted amount (in Millions of Birr):

15,400.0

Fixed Interest Rate

15%

Start date of the operations

September 5/2024

Maturity date of the operations

September 19/2024

Settlement Date

September 5/2024

National Bank of Ethiopia invites applications for its Liquidity-Absorbing Open Market Operation (6th auction) as follows:

Auction Date: Thursday, September 19, 2024

Settlement Date: Thursday, September 19, 2024 Description of the Auction

Type of instrument

2-Weeks Deposit-Taking Operation

Starting date of the operation

September 19, 2024

Maturity date of the operation

October 3 , 2024

Type of the auction

Fixed rate 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

The 6th OMO auction result for Liquidity-Absorbing Open Market Operation summarized as follow: OMO Auction Result

 

Auction No.

OMO-Auction No.6

Date of Auction

September 19/2024

Type of Operations

2-Weeks-Deposit Taking Operation

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

8,720.0

Number of bidders

6

Total allotted amount (in Millions of Birr):

8,720.0

Fixed Interest Rate

15%

Start date of the operations

September 19/2024

Maturity date of the operations

October 3/2024

Settlement Date

September 19/2024

Open Market Operations Announcement of Scheduled Auction

National Bank of Ethiopia invites applications for its Liquidity-Absorbing Open Market Operation as follows:

 

Auction Date:          Thursday, October 3, 2024

Settlement Date:    Thursday, October 3, 2024

 

Description of the Auction

Auction No.

OMO-Auction No.7

Type of instrument

2-Weeks Deposit-Taking Operation

Starting date of the operation

October 3, 2024

Maturity date of the operation

October 17, 2024

Type of the auction

Fixed rate 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.gov.et. Any queries contact the MFAD on (+251-5175411 or +251-5175304)

The 7th OMO auction result for Liquidity-Absorbing Open Market Operation summarized as follow:

 

OMO Auction Result

Auction No.

OMO-Auction No.7

Date of Auction

October 3/2024

Type of Operations

2-Weeks-Deposit Taking Operation

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

9,770.00

Number of bidders

7

Total allotted amount (in Millions of Birr):

9,770.00

Fixed Interest Rate

15%

Start date of the operations

October 3/2024

Maturity date of the operations

October 17/2024

Settlement Date

October 3/2024

Applicable Haircut Rate Values for eligible assets as collateral for open market operations and standing facilities

10%

Securities Type | T-Bills
Maturity | Less than 1 Year

15%

Securities Type | T-Bond
Maturity | Above 1 Year

Next Auction Date

The next OMO auction will be held on October 17, 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