Updated at 18:45,23-09-2016

Finance ministry said to have raised $26.3 million by selling bonds to individuals since January 30

BelaPAN
04-03-2013, 17:05
Finance ministry said to have raised $26.3 million by selling bonds to individuals since January 30

The finance ministry sold $26.3 million worth of government bonds to individuals between January 30, 2012 and March 1, 2013, or 52.5 percent of amount expected to be raised through a new bond sale, said the ministry's press office.

On January 30, the ministry started selling $50 million worth of $1000 bonds carrying a seven-percent coupon. The government will pay interest to the holders of the bonds in July 2013 and 2014 and January 2014 and 2015.

According to the press office, the ministry has already sold the $10 million in $200 bonds and the $40 million in $1000 bonds that were offered to individuals on December 20, 2012. The bonds have reportedly been sold before the deadline. They have a seven-percent coupon and a maturity term of one year.