The formula for determining the floating annual interest rate on government bonds will be changed in Moldova.
This is provided for by amendments to the Instruction on the placement, trading and buyout of Government bonds with a floating rate, developed by the Ministry of Finance to take into account the latest rates on the primary market. The proposed changes are aimed at adjusting the formula for determining the floating annual interest rate in such a way that when determining it, the weighted average nominal interest rates set at auctions for the sale of treasury bonds with a circulation period of 182 days or close to this period are taken into account at 4 auctions preceding the date of sending the message. The current version states that the floating annual interest rate is calculated based on the weighted average interest rates set at auctions for the sale of Treasury bonds with a maturity of 182 days or close to this period, 6 auctions preceding the date the message was sent. That is, the term “nominal” interest rates is added to the formula, and the number 6 is changed to 4. // 13.12.2021 – InfoMarket
