The Ministry of Finance intends to borrow over 3.5 billion KGS in February through 3-year and 7-year bonds

The Ministry of Finance has announced preliminary parameters for the issuance of government treasury bonds in February, according to the National Bank.

According to the published schedule, three auctions are planned in February to place government bonds worth 3.55 billion KGS.

On January 30, an auction will be held for the placement of three-year bonds with an issue date of February 2. The coupon rate is set at 5% per annum, and the issue volume will be 850 million KGS.

On February 6, the Ministry of Finance plans to place seven-year bonds with an issue date of February 9. The coupon rate is 7% per annum, and the volume is 1.35 billion KGS.

Another auction for the placement of seven-year treasury securities is scheduled for February 20 with an issue date of February 23. The coupon rate will also be 7% per annum, and the placement volume will be 1.35 billion KGS.

Thus, in February, the Ministry of Finance intends to raise 3.55 billion KGS on the domestic market.