Finance Ministry Places USD88.7 Mn Government Bond

The issue will mature in one year and was placed at 4.57% on April 26. This will bring the total amount of funds raised by the government through bond issues since the beginning of 2005 to ~USD1.2 bn. Concorde Capital: This is a fourth bond issue this month. Naturally, the government strives to gain momentum through steadily falling yields and substituting its more expensive debt from previous years. Most probably, the next borrowings will be made at the expense of the external debt limit set at ~USD640 mn in the 2005 budget, as the government has already used up its internal debt borrowing limit in Jan-Apr.