Section 7, The Public Debt Management Act, 2011.

(1) The issuance of government securities in Sierra Leonefor debt management purposes shall be by way of auction or such other method as the Minister shall approve. (2) The sale of Government securities for debt management purposes by way of auction shall be effected in accordance with an auction calendar approved by the Minister. (3) The auction calendar shall be published in advance and may include the auction date, type and tenor of securities and maximum amounts to be issued in the auction. (4) The Minister shall have sole authority to accept on behalf of Government, bids submitted in an auction. (5) Where Government securities are to be issued other than by auction, their terms and conditions shall be subject to the prior approval of the Minister.