Yin Zaw Myo, Managing Director of Yangon Stock Exchange says government treasury bonds and treasury bills will be on sale at Yangon Stock Exchange.

“We will open a bond market as secondary market in YSX this year. We are holding a series of discussions with the central bank and other experts on bond trading,” he added.

Kyaw Kyaw Maung, the governor of the Central Bank of Myanmar said: “On behalf of the Ministry of Planning and Finance, the CBM launched the sale of government treasury bills to banks and financial institutions through a competitive bidding system from January 28, 2015 and government treasury bonds on September 20, 2016. The move aims to fill the government’s budget deficit which may cause inflation and to ensure the effective management of government debts.”

In 2016-2017 fiscal year, the central bank could sell government treasury bonds worth Ks 1,181 billion and treasury bills worth Ks 3,032 billion. The terms of government treasury bonds are three months, six months and one year with a 7 per cent interest rate. The terms of the government treasury bills are two years and three years with an interest rate ranged between 8.6 per cent and 9.6 per cent, he continued.

Last year, the stock trading volume at YSX exceeded Ks 70.7 billion. Along with FMI’s increased share prices, the share trading at the YSX has bounced back. Between January and March, share trading at YSX reached nearly Ks 9 billion.

Ref: http://www.elevenmyanmar.com/business/8499

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