Results of May 13, 2003 Bahamas Government Treasury Bill Tender- Central Bank of the Bahamas

At the monthly Treasury Bill Tender held on Tuesday, May 13, 2003, the offers of B$44,300,000.00 91-day and B$33,000,000.00 182-day Treasury Bills were fully allotted at bids averaging 99.53 and 98.73 percent, which were equivalent to Average Discount Rates of 1.88 and 2.54 percent per annum respectively.

Cecile M. Sherman Manager Banking Department THE CENTRAL BANK OF THE BAHAMAS