Skopje, 30 June 2023 (MIA) – As of Friday, the citizens can begin a procedure to buy popular bonds. The Ministry of Finance published the prospectus for the first auction of the bonds in the amount of Mden 600 million. The minimum sum that can be invested is Mden 10.000, the coupon interest rate is five percent, and the bond has a maturity period of two years.

“The new financial instrument carries numerous benefits on the market, both for the citizens and the economy as a whole. The funds that will be mobilized through the auction will be used for budgetary needs – current needs, development aims and investments,” said Prime Minister Dimitar Kovachevski at a joint press conference with Minister of Finance Fatmir Besimi.

These funds, said the PM, will be injected back in the economy through the budget, through wages, pensions and investment activities. “They will drive economic activity, leading to accelerated economic growth,” said Kovachevski. 

Minister Besimi explained that through the commercial banks, the citizens will be able to submit a request to participate in the auction and deposit their funds by July 12, i.e., one day ahead of the auction.

“After the auction, the bond will be issued to the holders. Initially, the state plans to issue Mden 600 million worth of popular bonds. A single bond stands at Mden 10.000. The interest rate is five percent, while the maturity period is two years. The other advantage is that the citizens will have a chance to sell their bonds during those two years if they need to, and there are also advantages in the fight against the informal economy,” clarified Besimi.