Call for Tenders for 90 days Government Treasury Bills (R 204) Dated October 15, 2010,Maturing on January 13, 2011

The Treasury Bills of Nu. 1 billion in the name of the Royal Government of Bhutan are offered for sale. The Bills are of 90 days to maturity. The Bills shall be listed and issued through the Royal Securities Exchange of Bhutan.

Treasury Bills Serial No. : R 204

Submission of Tenders : Tenders must be submitted through one of the authorized brokers or directly lodged at the Royal Monetary Authority of Bhutan not later than 10:30 AM on October 14, 2010 and tenders shall be irrevocable after submission.

Auction/Sale date : October 14, 2010

Settlement Date : October 15, 2010

Days to Maturity : 90 days

Maturity Date: January 13, 2011

Amount : Nu. 1 billion

Terms and Conditions : For Terms and Condition governing the securities will be based on the GENERAL NOTIFICATION issued by the Ministry of Finance.