$1billion sovereign bond oversubscribed. Rates at 6.65 and seven percent

The Ministry of Finance (MoF) issued a dual tranche bond worth $1billion to replace bonds maturing in April and May.

The bond consists of a tranche of $700 million maturing in 2024 and paying a yield of 6.65 percent. The other tranche, valued at $300 million, matures in 2031 and generates a yield of 7.00 percent.

The offering was oversubscribed, with demand reaching 128 percent of the required amount.
The yields on the new bond are close in value to current interest rates in se...

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