Kyrgyz Ministry of Finance for the first time has issued seven-year government treasury bonds (T-bills) valued at 500 million soms, its press service reported.
It is noted that the seven-year T-bills issue was held in the execution of the Medium-Term Public Debt Management Strategy. According to the document, the Ministry of Finance will increase the proportion of long-term government securities. The office believes that the circulation of 7-year T-bills will expand the range of available financial instruments for investors interested in long-term investment funds.
At the end of the auction, the demand for T-bills amounted to 1.34 billion soms with the supply of 500 million soms.
The weighted average yield of T-bills was fixed at 18% per annum.
The Ministry of Finance plans to continue issuing seven-year T-bills on a regular basis. (24.kg /Business World Magazine)
