The total stock of treasury bonds which include floating, fixed rate, special and zero coupon bonds
increased by Sh67.5 billion from Sh989.9 billion in June 2017 to Sh1.01 trillion in June 2018.
As in previous years, surplus liquidity will be absorbed through BoR deposit auctions and issues of BoR coupon bonds
(KOBRs), both intended to limit the impact of a structural liquidity surplus on macroeconomic fundamentals and market interest rates.
An Afreximbank statement made available to PANA here Tuesday said the publicly-placed coupon bonds
, which were listed on the Irish Stock Exchange, was over-subscribed by investors.
De la Cruz also noted that HGC has further compounded the government's fiscal problems especially after the government had to pump in P12 billion in emergency funds to HGC to avert a default on its maturing loan, specifically the P12 billion zero- coupon bonds
issued by his predecessor, Gonzalo Bongolan.
40,000 coupon bonds
with nominal value of AMD 10,000, coupon yield of 13% and maturity period of 36 months.
Slovenia sold $1 bln in 5-year, 4.75% coupon bonds
to yield 4.95% and $2.5 bln in 10-year, 5.85% coupon bonds
to yield 6%, cheaper than initial price guidance of 5.125% and 6.25%.The yield was above Spain's 4.041 and Portugal's 5.734%.
Next week's auctions for 5- year and 10-year fixed coupon bonds
as well as the benchmark bond and the CPI-linker will be more important.
The index, calculated on both a capital and total return basis, includes KES denominated bullet bonds, zero coupon bonds
and strippable bonds with a minimum notional of KES 5 Billion.
The instrument which may be used to raise this level is the stepped coupon bonds
, a novel solution non-existent on the Polish market.
The Treasury also raised 1.733 billion euros with zero coupon bonds
due in 2013 at a rate of 4.853 percent, compared to 7.814 percent last month.
Treasury held two auctions to sell 20-month TRY denominated zero coupon bonds
and 8-year TRY denominated fixed coupon bonds