(emission of 5-year treasury bonds)

For the purpose of development of financial market of the country, decision was made to increase the period of portfolio of state bonds. As a result of market studies, emission of treasury bonds with 5 year period began from April 2011. Total five auctions were held and their results revealed great interest of participants of securities’ market in this type of financial instrument, which primarily was expressed by high demand ratio on the environment of stable reduction of interest rates.