Govt will not issue inscribed stock in Jan

Business, Normal

THE National Government will not issue inscribed stock (IS) for this month as noted in the annual issuance plan.
But it will offer K23 million of inscribed stock on the second Tuesday of each month starting next month.
It comprises Feb 13, 2013 stock with a 9% coupon, Nov 15, 2019 stock with a 9% coupon and Nov 15, 2027 stock with a 14% coupon.
The Treasury Department’s financial evaluation division said the composition of tender for Feb 9 and March 9 will be announced at the end of this month and next month, respectively.