Call for Tenders for 30 days Government Treasury Bills (R 210) Dated February 28, 2012 ,Maturing on March 29, 2012

The Treasury Bills of Nu. 1 billion in the name of the Royal Government of Bhutan are offered for sale. The Bills are of 30 days to maturity and it is auctioned under Tap sale Method. The Bills shall be listed and issued through the Royal Securities Exchange of Bhutan.

Treasury Bills Serial No. : R 210

Submission of Tenders : Tenders must be submitted in sealed envelopes through one of the authorized brokers at RSEBL office not later than 10:30 AM on February 27, 2012 and tenders shall be irrevocable after submission.

Auction/Sale date : February 27, 2012

Settlement Date : February 28, 2012

Days to Maturity : 30 days

Maturity Date: March 29, 2012

Amount : Nu. 1 billion

Discount rate : 3% p.a

Terms and Conditions & Tender Forms: The terms and conditions and the Tender forms are available at the RMA(office & website: www.rma.org.bt under Govt.Treasury Bill) and www.mof.gov.bt/downloads/2009nov26Noti.pdf

The RMA will have the full discretion to accept or reject any or all the bids either wholly or partially,without assigning any reason.