
The Ministry of Finance for the first time placed 10-year government bonds on the domestic market for a total amount of 227.5 million lei, which amounted to 130% of the initially announced volume.
This is a part of the Treasury Department's broader policy goal to develop the domestic market for government securities, the department said in a statement. It is emphasized that, thus, Moldova has taken a decisive step in the development of the internal government securities market, which represents an important element in the development of the country's capital market. Thanks to the launch of 10-year Treasury bonds, a new tool for investors has appeared on the market. “We are pleased that we have investors interested in developing the domestic market for government securities and supporting the government in achieving our common goal. Non-bank investors bought 99.3% of the announced issue, and primary dealers (banks) - 0.7% for their portfolio, having a limit from their foreign shareholders to invest in long-term instruments on the government securities market of Moldova,” said the head of the General Department of Debt public sector and external assistance Ministry of Finance Elena Matveeva. The Ministry of Finance emphasizes that the issuance of 10-year government bonds represents an important step towards complementing the yield curve along with the 2-, 3-, 5- and 7-year government bonds that the Ministry of Finance currently issues. In addition, they will provide guidance for setting prices for long-term instruments and for the development of other new instruments, while contributing to the development of the insurance market. // 06.10.2023 — InfoMarket