
The Ministry of Finance of Moldova will issue government bonds with a circulation period of 2 and 3 years in the amount of 150 million lei
As noted in the message of the financial department, these government securities will be placed on the primary market during auctions that will be held at the National Bank on August 7. In particular, government bonds with a circulation period of 2 years for 75 million lei with a fixed interest rate of 4.8% per annum, as well as government bonds with a circulation period of 3 years for 75 million lei with a fixed interest rate of 5.1% per annum will be offered for placement. Offers to purchase government securities will be received by the National Bank from primary dealers authorized to participate in auctions for the sale of government securities issued in the form of entries in accounts. Applications from clients (investors) for the purchase of government securities will be accepted by primary dealers authorized by the Ministry of Finance. As the department notes, the development of the domestic government securities market is a long-term strategic goal of the Ministry of Finance, annually provided for in the Public Debt Management Program in the medium term. One of the actions of the Ministry of Finance to achieve this goal is to increase the maturity of the government securities portfolio issued on the domestic market. In this regard, issuing 2- and 3-year government bonds at par or at a discount will help set the price of long-term instruments (loans, municipal bonds, etc.) and will contribute to the development of new instruments. This will also contribute to the development of the life insurance market and will allow Moldovan banks to accept deposits for longer periods. The mentioned government bonds will be issued on August 7.// 02.08.2024 – InfoMarket.