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The Government Sells More 2-3 Year Bonds

The Government Sells More 2-3 Year Bonds

10 November 2008

The Finance Ministry sold two-year bonds with a 9% yield for USD 10.5 mln and 3-year bonds with a yield of 9.4% for another USD 7 mln at its auction yesterday. However, its five-year bonds again failed to find a taker. So far the government has sold roughly USD 104.5 at its auctions in 2006. The government’s next auction is scheduled for November 13.

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