The Ministry of Finance (MOF) intends to sell NT$150 billion (US$4.71 billion) in treasury bonds in the second quarter of the year, it said in a statement on its Web site yesterday.
The ministry said it planned to use NT$100 billion to repay debt, while using the remaining NT$50 billion for special budgets, particularly infrastructure construction.
Second-quarter sale of bonds of NT$150 billion contrasted with NT$190 billion sold in the current quarter and NT$110 billion in the second quarter of last year, ministry data showed.
Aside from its regular five-year, 10-year and 20-year bonds to be sold in the quarter, the ministry also intends to sell 30-year bonds next month to meet market demand.
According to its sales schedule, the ministry plans to sell NT$30 billion in 30-year bonds on March 31, NT$40 billion in five-year bonds on April 13, NT$40 billion in 20-year bonds on April 28, and NT$40 billion in 10-year bonds on June 10.
In addition, the ministry said it planned to sell NT$45 billion in treasury bills — including NT$20 billion debt with maturities of 182 days and NT$25 billion in 273-day bills — in the second quarter to help state coffers meet short-term capital needs and repay debt.
This is compared with NT$70 billion in treasury bills the ministry sold in the first three months, its tallies show.
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