Liberia’s First Treasury-Bill Sale Gives Africa’s Lowest Yields

Liberia’s central bank sold the West African nation’s first Treasury bills at an auction, with the 91-day notes yielding 2.22 percent, the lowest among African debt of that duration tracked by Bloomberg.

The country sold 149 million Liberian dollars ($2 million) after receiving 28 bids worth 298.8 million Liberian dollars, Boima Kamara, head of the Central Bank of Liberia’s research, policy and planning department, said in an interview in Monrovia. The securities will mature on Aug. 1, he said.