Xinhua, Yangon :
The Central Bank of Myanmar will sell government treasury bonds through auction system on the third Tuesday of every month as of Sept. 20, official media reported Friday, quoting an announcement of the bank.
Not only granted banks which opened accounts at the Central Bank but also individuals and corporate bodies are allowed to participate in the auction.
The country’s government treasury bonds were only sold to the individuals and corporate bodies since before the announcement.
The individuals and corporate bodies can make investments in those bonds through the Myanmar Economic Bank (MEB) and Myanmar Securities Exchange Center (MSEC) which are allowed to operate as underwriters by the Central Bank. The announcement came after the parliament’s approval on Monday on the budget support plan of government in order to borrow 3.9 trillion kyats (about 3.18 billion U.S. dollars) from the Central Bank, for the deposit account for 2016-2017 fiscal year.
Daw Khin Saw Oo, Vice Governor of the Central Bank of Myanmar, told the parliament that arrangements are being made to provide the budget support to the government for buying and selling government securities and treasury bonds through competitive bidding system.
The Central Bank of Myanmar will sell government treasury bonds through auction system on the third Tuesday of every month as of Sept. 20, official media reported Friday, quoting an announcement of the bank.
Not only granted banks which opened accounts at the Central Bank but also individuals and corporate bodies are allowed to participate in the auction.
The country’s government treasury bonds were only sold to the individuals and corporate bodies since before the announcement.
The individuals and corporate bodies can make investments in those bonds through the Myanmar Economic Bank (MEB) and Myanmar Securities Exchange Center (MSEC) which are allowed to operate as underwriters by the Central Bank. The announcement came after the parliament’s approval on Monday on the budget support plan of government in order to borrow 3.9 trillion kyats (about 3.18 billion U.S. dollars) from the Central Bank, for the deposit account for 2016-2017 fiscal year.
Daw Khin Saw Oo, Vice Governor of the Central Bank of Myanmar, told the parliament that arrangements are being made to provide the budget support to the government for buying and selling government securities and treasury bonds through competitive bidding system.
