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June 9 – June 15, 2014

Finance Ministry aspires to borrow USD 300 mln from population and businesses before year-end

The situation has not changed
Finance Ministry aspires to borrow USD 300 mln from population and businesses before year-end

A Finance Ministry representative announced plans to raise USD 500 million on the domestic market in 2014. In January – May 2014, the government managed to raise USD 200 million, therefore, during the remaining months of 2014 it will issue new bonds for individuals with one or two-year maturity period.

It is anticipated that foreign currency bonds might be sold at forex or a secondary security market could be created. Also, the largest state banks might issue new bonds. Due to anticipated loans from Russia, interest rates on securities might reduce, and bonds might be issued in Russian roubles.

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