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Government Finds Takers For 2 & 3 Year Bonds

Government Finds Takers For 2 & 3 Year Bonds

8 November 2008

The Finance Ministry sold two-year bonds with a 9% yield for USD 4 mln and 3-year bonds with a yield of 9.4% for another USD 4 mln at its auction Monday. However, it was the same old song and dance for the Government’s five-year bonds which again failed to find a taker. The government’s next auction is scheduled for November 11.

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