LONDON (MNI) – Finland’s net borrowing requirement for 2011 is
estimated to be E8.3 billion compared to E12.0 billion this year, says
the Finnish Ministry of Finance.
According to an emailed press statement, the Treasury said it
will most likely arrange one or two euro denominated bond auctions in
the last quarter of this year and may also resort to its Medium-Term
Note (MTN) programme to complete its funding requirement for this fiscal
year.
So far this year, Finland has issued two new benchmark issues,
which included a new five-year bond in September, which marks a shift
from the usual strategy of issuing a 5-year and an 11-year benchmark
bond in alternate years. The debt agency also confirmed that over 80% of
its long-term bond issuance this year.
–London newsroom: 00 44 20 7862 7494; email: nshamim@marketnews.com
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