The Ministry of Finance of Moldova intends to issue 7-year government bonds, the first auction for their sale is scheduled for April 21.
This was reported by the finance department, noting that the development of the domestic market for government securities is a long-term strategic goal of the Ministry of Finance, annually provided for by the Medium-Term Public Debt Management Program, and one of the actions of the Ministry of Finance in the medium term to achieve this goal is to increase the maturity of the portfolio of government securities issued in the domestic market. “Thus, the first auction for the sale of 7-year government bonds is scheduled for April 21 this year. The elements of the issue of the relevant government bonds, such as: the indicative volume of the issue, the annual interest rate, the terms of interest (coupons) payment, maturity, etc will be posted 5 days before the auction date on the website of the Ministry of Finance, in the official announcements section of the placement government securities", - noted in the financial department. They stressed that the issue of 7-year government bonds will be an important step towards complementing the yield curve, along with the 2, 3 and 5-year government bonds currently issued by the Ministry of Finance. They will also provide guidance for pricing long-term instruments (loans, municipal bonds, etc.) and for developing new ones. It will also help develop the life insurance market and allow domestic banks to accept longer term deposits. It should be noted that individuals and legal entities, residents and non-residents, can participate in auctions for the placement of government securities only through primary dealer banks.// 13.04.2021 — InfoMarket
