August 19, 2016

Government treasury bonds to be sold through bidding system

THE Central Bank of Myanmar is planning to sell its government treasury bonds through the competitive bidding system, according to the CBM.
The CBM has a plan to issue long-term treasury bonds in addition to current 2-year, three-year and 5-year government treasury bonds.
Regarding the issue, officials of the Ministry of Finance and the Central Bank of Myanmar held a workshop in Nay Pyi Taw yesterday.
Experts from the Asia Development Bank and the Asian Bonds Market Initiative also participated in the workshop.
The CBM issued 3-year and 5-year Government Treasury Bonds in ten thousand and one hundred thousand kyats on 1st December 1993 in Yangon and 1st January 1994 in Mandalay in order to promote public saving.
A 3-year Government Treasury Bond of one million kyats was issued on 1st April 1996 and a 5-year Government Treasury Bond of that denomination was issued on 1st January 1997.
Starting from 1st January 2010, a 2-year Government Treasury Bond of ten thousand kyat, one hundred thousand, one million and ten million have been extensively issued to public.— GNLM


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