Laos Finance Ministry to issue more government bonds via Lao Securities Exchange

VIENTIANE, March 20 (Laotian Times/ANN): The Laos Ministry of Finance has announced the sale of a new tranche of government savings bonds worth trillions of kip.

Lao News Agency reports that the 4th tranche of savings bonds will be available for sale via the Lao Securities Exchange (LSX).

Valued at over LAK 2.5 trillion and US$50 million respectively, the distribution of this fourth tranche of LAK and USD bonds was approved last month.

Soulivath Souvannachoumkham, Director General of the External Finance and Debt Management Department, Ministry of Finance, said at a press conference that the ministry had already sold government bonds amounting to LAK 5.9 trillion and USD 100 million between 2018-2022.

This year, the Ministry will increase bond volume and adjust interest rates for both kip currency and dollar currency bonds to attract more investors.

The new interest rate adjustments will see returns of 5.8% for one year, 6.9% for two years, 7.6% for three years, 7.75% for five years, 7.9% for seven years, and 8.15% for 10 years.

The interest rates on dollar bonds will be increased to 5% for one year, 5.5% for two years, 6% for three years, 7.5% for seven years, and 8% for ten years. - Laotian Times/ANN

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Laos , Finance Ministry , Bond Sale


Next In Aseanplus News

PM Lee Covid-free after ‘rebound’; catches up with Jokowi
What's the state of Philippine human rights under Marcos?
Cambodian farmers warned to prep for imminent droughts
Taiwanese star Will Liu's asking price for a 20-second video on social media is RM388,000
Cops raid online scam call centre in Kajang, 16 nabbed
Thailand cuts power to Chinese-backed casino complex in Myanmar
Vietnam businesses need to embrace green practices to export to EU
Temperatures not predicted to exceed 38�C even at height of upcoming El Nino, says Nik Nazmi
1MDB, subsidiaries get leave to continue lawsuit against Jho Low's associate
Ringgit ends higher against US dollar on rising oil prices

Others Also Read