Government will pay an interest rate of 22.30 per cent and 21.50 per cent for the 5-year and 2-year bonds issued on Friday, May 6, 2022.
The sale of the debt instruments were extended to Friday, May 6, 2022 to accommodate for the Labour Day and the Eid holidays last week.
The interest rate, which will probably increase the country’s interest payment will be paid semi-annually, until maturity in 2027 and 2024 respectively.
Until recently, government was paying between 19 per cent and 20.50 per cent for medium term financial instruments.
