MoF Raised LP 556B on the TB Auction Last Week
In the TBs auction held on the 6th of August 2015, the Ministry of Finance raised LP 556B ($368.82M), through the issuance of bills and notes maturing in 6M, 2Y and 7Y. The highest demand was achieved on the 7Y notes, with a 49.46% share of total subscriptions, while the 2Y notes and 6M bills captured 37.59% and 12.95%, respectively. The 6M notes and 2Y bills yielded 4.87% and 5.84%, respectively while the coupon rate of the 7Y notes stood at 7.08%.
