Local Bond Auctions Keep Funds Trickling Into The Budget

5 December 2008

The Finance Ministry sold two-year bonds with a 9% yield for USD 12.3 mln and three-year bonds with a 9.4% yield for USD 19.7 mln at its local bond auction yesterday. So far this year the Finance Ministry has sold USD 285 mln in local bonds. The next auction is scheduled for December 18.

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