The government plans to issue another round of short-term bonds later on this month, for the third time in the past year.
Finance minister Keit Pentus-Rosimannus said that while the precise volume of the bond issue was yet known, it was likely to be valued in the hundreds of millions, while this and other details would be finalized soon and then made public.
The plan is reportedly independent of the supplementary budget decided on to tackle to economic effects of the third coronavirus wave, while the bonds will go on sale at the end of the month, finance ministry spokesperson Marten Ross has said.
Last March, EUR 200 million worth of 12-month bonds were issued, with EUR 375-million of both six- and 12-month bonds following in May.
The government also issued long-term bonds in 2020, for the first time in 18 years, valued at EUR 1.5 billion (10-year bonds).
Short-term bonds had been issued in recent years before the pandemic; in 2019, EUR 200 million worth of six- and 12-month bonds were also issued. (ERR/Business World Magazine)
