Today released a further 30 million securities

Ministry of Finance has decided on September 30, 2009 to conduct an additional auction for selling another 30 million shares. Annual interest rate is 4.95%. The decision is in response to strong interest from the investment community at the auction of 10-year, held on 28 September, when the requests exceeded the quantity offered by more than 3 times (coefficient of coverage of the auction 3.3) reported by the MoF. The total share of institutional investors exceed 1 / 3 of the aggregate amount of the auction. It noted a significant presence of pension funds, insurance companies and investment firms. The yield on newly issued 10-year marked a significant adjustment of 0.72% (compared with the previous auction). This adjustment is expected decreasing risk premium to the party from its peak value in the first quarter of 2009 from around 700 basis points amounted to 190 basis points at the end of September. Ministry of Finance estimated investment interest as a direct consequence of the growing confidence to the conduct of government policy.

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Finance