The government, with the aim of securing a portion of the necessary funds for financing the 2023 budget and creating a fiscal reserve, plans to issue government bonds in the amount of 40 million EUR by the end of the year.
The information on the issuance of government bonds was adopted by the government at yesterday’s session, which stated that the government had previously made a decision to issue government bonds up to the amount of 50 million EUR and that the implementation had already commenced.
Two auctions have been completed, and 30 million EUR worth of government bonds have been sold, with interest rates, as anticipated, lower than the current market interest rates – states the information.
Given the continued interest of the banking and non-banking sectors in purchasing government bonds due to the short maturity period, the government has instructed the Ministry of Finance to undertake all necessary activities related to the issuance or issuances of government bonds in the amount of up to 40 million EUR by the end of this year.
The amount, maturity, and date of each individual issuance will be determined by the Ministry in accordance with the estimated needs – emphasized in the discussion.
