According to the agency, the interest rate will be updated every 14 calendar days depending on market conditions. “This approach will allow for periodic adjustments to the terms of the offering and provide a more predictable structure for investors,” the official statement said.
The terms and conditions of this round are reportedly still in place. Yields on government bonds with maturities of 1, 2, 3 and 4 years are unchanged (from 6.95% to 7.35%), so “each investor can choose the maturity and timing that suits him or her.”
Since the launch of the eVMS.md platform, citizens’ interest in this instrument has remained unchanged. To date, 14 issues of government bonds have been organized through the platform, in which about 3 thousand investors participated, and the aggregate demand amounted to 948.1 million lei.
The new mechanism, according to the ministry, “is part of the Finance Ministry’s objective to develop the domestic market of state securities and to provide citizens with safe, transparent and accessible instruments for savings”.
