Govt to issue infrastructure bonds

GOVERNMENT plans to scale down on Treasury Bill (TB) issuance to make way for longer-term debt instruments and issue infrastructure bonds in this quarter, Finance minister Mthuli Ncube revealed on Monday.

The move is intended to hold down further growth in government domestic debt, raise money for long-term projects, promote greater private sector participation in infrastructure investment and deepen the country’s capital markets.

Ncube said this in a statement issued just after the presentation of the mid-term monetary policy statement.

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