Govt switches to long-term infrastructure bonds

GOVERNMENT is expecting to issue long-term infrastructure bonds at an interest of about 10% to promote infrastructural development in the country, Finance and Economic Development minister Mthuli Ncube has said.

Speaking at the mid-term budget review meeting hosted by Alpha Media Holdings (AMH) in conjunction with Zimbabwe Economics Society in Bulawayo recently, Ncube revealed that government was reducing issuance of Treasury Bills (TBs) for long-term bonds.

He said in order to support the prior budget deficits, which were quite huge, especially in the last four years, government issued TBs.

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