PHOTO CREDIT: Jakony Media Agency
(JUBA) – The Bank of South Sudan (BoSS) has announced an invitation to tender for a Term Deposit Facility worth 20 billion South Sudanese Pounds (SSP), equivalent to approximately 4.35 million US Dollars at the current official exchange rate of 1 USD to 4,600 SSP. The auction is open to eligible banks and is aimed at managing liquidity in the domestic financial system.
The auction will be held on Thursday, 31 July 2025, with both submission and settlement scheduled to be completed on the same day. Participating banks will place bids for fixed-term deposits that will earn interest over specified durations. The principal and accrued interest will be paid upon maturity of the deposits.
According to BoSS, the Term Deposit Facility will be structured across three tenors: 28 days, 84 days, and 336 days, with allocations of 10 billion, 6 billion, and 4 billion SSP respectively.
The central bank has capped the interest ceiling below the current BoSS base rate of 13 percent. Bidders should also take note that early termination of deposits will attract a penalty of 25 percent on the accrued interest.
Below is a summary of the tender details:
| Item | Details |
|---|---|
| Total Tender Amount | SSP 20,000,000,000 (USD 4.35 million) |
| Tenors Available | 28 days, 84 days, 336 days |
| Amount by Tenor | 28d: SSP 10B, 84d: SSP 6B, 336d: SSP 4B |
| Maturity Dates | 28 Aug 2025, 23 Oct 2025, 2 Jul 2026 |
| Interest Ceiling | Below Central Bank Rate (13%) |
| Early Termination Penalty | 25% of accrued interest |
| Bid Submission Time | 9:00 AM to 10:00 AM |
| Adjudication Time | 10:00 AM to 11:00 AM |
Eligible banks may submit their bids through the Refinitiv platform or via email in authenticated PDF format. Those without access to the Refinitiv platform must ensure their submissions are clearly signed and scanned.
Application forms and detailed Term Deposit Facility guidelines can be collected from the Financial Markets Department at the BoSS Headquarters in Juba during working hours. Alternatively, documents can be downloaded from the BoSS official website.
Financial institutions in South Sudan have welcomed such instruments as a risk managed opportunity to earn interest while contributing to macroeconomic stability.
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