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Local Bond Auction Scheduled for Today

Local Bond Auction Scheduled for Today

27 August 2008

The Finance Ministry has scheduled another local bond auction for today. It is slated to offer three, four, seven and ten-year tenors. The government’s last auction was held on August 23, but there were no takers at the offered rates: three-year notes – 6.1%, four-year notes – 6.255%, seven-year notes – 5.4% and ten-year notes – 5.1%.  

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