Fri 23 May 2014
Filed under: Business / Trade,News
The government has sold more than Ks 2.1 trillion worth treasury notes as of February this year, according to the Ministry of National Planning and Economic Development.
The Central Bank of Myanmar (CBM) sold Ks 559 billion worth of three-year treasury notes and Ks 1.6 trillion worth of five-year treasury notes between April 2013 to Feb 2014.
Of the three-year notes, Ks 455 billion was purchased by the private sector and Ks 104 billion was purchased by public sector.
Of the five-year notes, Ks 1.6 trillion was purchased by the private sector and Ks 20 billion was purchased by the public sector.
The interest rate for a three-year term is 9 percent and the interest rate for five-year term is 9.5 percent according to the central bank.