T-bills highly oversubscribed. 15-year bills offered at 10.92 percent. Central bank subsidized 0.42 percent

The Ministry of Finance (MoF) said that demand from banks for subscription of its Treasury bill issue of the second week of December exceeded the offer size by 84 percent.

The issue, which will mature in 2033, is valued at LL1,200 billion ($796 million). Demand from banks reached LL7,427 billion ($4.93 billion).

The T-bills were offered at interest rates that are in line with global and local rates, taking into consideration additional risk because of the country's failure to form ...

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