Yesterday, BoM announced to trade MNT 15 billions of Government securities with 52 weeks term and received security offers worth MNT 29.5 million.
The Government securities were traded starting November, 2014 through Mongolian Stock Exchange. Thereafter, the received bond orders exceed the announced orders and the supply is still not enough. This decrease shares a positive effect on decrease in security interest.
Within the last five months, bond interest were dropped by two percent. This decrease is expected to create billions of tugrug savings to the state budget. However, interest rate of the Government`s securities remain still higher than the developed countries which can be seen from the table below.
Yesterday, BoM announced to trade MNT 15 billions of Government securities with 52 weeks term and received security offers worth MNT 29.5 million.
The Government securities were traded starting November, 2014 through Mongolian Stock Exchange. Thereafter, the received bond orders exceed the announced orders and the supply is still not enough. This decrease shares a positive effect on decrease in security interest.
Within the last five months, bond interest were dropped by two percent. This decrease is expected to create billions of tugrug savings to the state budget. However, interest rate of the Government`s securities remain still higher than the developed countries which can be seen from the table below.