Gov’t Readies Long-term Bonds as Its Bills Pay Half the Inflation Rate
The federal government nearly doubled its planned Treasury bill offering to 23.39 billion Br at the October 14 tender, from 11.94 billion Br two weeks earlier. The National Bank of Ethiopia (NBE) disclosed that a framework for 10- and 15-year government bonds and over-the-counter (OTC) trading is ready. The framework has passed management review, and a fiscal agency agreement has been secured, Eyob Tekalegn (PhD), governor of the National Bank of Ethiopia (NBE), disclosed. The federal government nearly doubled its planned Treasury bill offering, with most of the increase going into longer maturities.