Finance Ministry Sells Bonds for USD 29 mln, Next Auction – Sept. 3
31 August 2008
The Finance Ministry sold three-year local sovereign bonds with a yield of 6.6% for USD 20 mln and four-year instruments with a yield of 6.4% for about USD 9 mln, to bring in a total of USD 29 mln at its auction yesterday. The government failed to find bids for its seven and ten year bonds. The next local bond auction is scheduled for Monday, September 3.
