Friday, January 20 2012 20:26
In 2012 Armenian Finance Ministry to place government bonds worth 119 bln AMD
ArmInfo. In 2012 government bonds (short-term (SGB), mid-term (MGB) and long-term (LGB)) worth 119 bln AMD will be placed against 139.2 bln AMD in 2011.
According to the program on government bonds for 2012, redemption will make up 80.9 bln AMD, revenues in the budget - 111.1 bln AMD and deficit financing will be 30.2 bln AMD. The biggest volume of redemptions will fall on Q2 2012, and the biggest volume of placement, budget revenues and deficit financing will fall on Q4. The annual program envisages quarterly placement of long-term 20-year government bonds (in March, June, September and December).
The Government Debt Management Department of the Armenian Foreign Ministry told AmInfo that 25 bln AMD government bonds will be placed in Q1, 30 bln AMD bonds in Q2, 30.5 bln AMD bonds in Q3, and 33.5 bln AMD bonds in Q4. At the same time, in Q1 redemptions will amount to 20.8 bln AMD, in Q2 - 31.9 bln AMD, in Q3 - 13.8 bln AMD, and in Q4 - 14.4 bln AMD. The budget revenues from operations with the government bonds are envisaged at 23 bln AMD for Q1, 27.7 bln AMD for Q2, 28.7 bln AMD for Q3, and 31.7 bln AMD for Q4. Thanks to this, the deficit financing will be 2.3 bln AMD in Q1, 14.9 bln AMD in Q3 and 17.3 bln AMD in Q4. In Q2 deficit financing is fixed in the program at negative 4.3 bln AMD, as redemptions over that period will be more than placements.
To note, the Armenian Finance Ministry issues short-term government bonds with up to 1-year maturity (of AMGT series), mid-term bonds with a maturity ranging from 1 to 5 years (of AMGN series), and long-term bonds with a maturity of 20 years (of AMGB series).
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