Evolution on Moldovan market of state stocks and shares shows demand exceeds Finance Ministry's supply

17:15 | 02.01.2020 Category: Economic

Chisinau, 2 January /MOLDPRES/ - The Finance Ministry in December 2019-January 2020 carried out six tenders on the placement of state stocks and shares (VMS), within which investors’ demand exceeded the supply about six-fold.

It is worth mentioning that the increased demand on behalf of investors results in the diminution of the rate of interest on all types of VMS and stood, on average, at 5.68 per cent, with a decrease of about 1 percentage point against the tenders from November 2019, the aforementioned ministry said.

In these conditions, the decrease of the rates of interest on VMS will have a positive effect on the state budget expenses borne for the servicing of the state debt.

The Finance Ministry will further monitor the situation on the market of state stocks and shares and will manage the state debt’s portfolio, in order to reduce the risks related and get an optimum structure of this portfolio, taking into account the cost-risk ratio.

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