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Government Sells 3 & 5-Year Bonds For USD 32 mln

Government Sells 3 & 5-Year Bonds For USD 32 mln

28 November 2008

At its auction yesterday the Finance Ministry sold three-year bonds with a 9.4% yield for USD 12 mln and five year bonds with a 9.5% yield for USD 20 mln. Since the placement of its Eurobonds earlier this month, the government has seen greater interest in its local placements. The Finance Ministry’s next bond auction is scheduled for November 30.

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