The Ministry of Finance (MOF) announced yesterday it planned to sell NT$190 billion (US$5.87 billion) in treasury bonds in the first quarter of next year, with NT$63 billion tagged for repaying debt.
The ministry said it planned to use the remaining NT$127 billion for special budgets, particularly infrastructure construction, a statement posted on its Web site said yesterday.
The first-quarter sale of bonds, at NT$190 billion, compared with NT$140 billion sold in the current quarter and NT$110 billion sold in the first quarter of this year, ministry’s tallies show.
Apart from its regular two-year, five-year, 10-year and 20-year bonds to be sold in each quarter next year, the ministry said it planned to also sell 30-year bonds in January and April to meet market demand.
In the first quarter, the ministry plans to sell NT$40 billion in five-year bonds on Jan. 7, NT$30 billion in 30-year bonds on Jan. 25, NT$40 billion in two-year bonds on Feb. 6, NT$40 billion in 20-year bonds on Feb. 10 and NT$40 billion in 10-year bonds on March 5.
The government will have 15 bond issues next year, the ministry said.
In addition, the ministry said it planned to sell NT$70 billion in treasury bills — with maturities between 91 days, 182 days and 273 days — in the first quarter to help state coffers meet short-term capital needs and repay debt.
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