As part of Government’s effort to improve market transparency in the issuance of Government securities, we forward the attached issuance calendar for publication.
The calendar is developed based on the Net Domestic Financing provided in the 2019 Mid-Year Revised Budget, the domestic maturities and the Medium Term Debt Management Strategy (MTDS) for 2019-2022. The calendar shows the securities that are intended to be issued in respect of Government’s Public Sector Borrowing Requirements for the period September to November, 2019.
In line with the 2019 Annual Borrowing Plan, Government will update the issuance calendar monthly on a rolling basis, to reflect a full quarter financing programme.
The Calendar also takes into consideration Government’s liability management programme, market developments (both domestic and international) and the Treasury & Debt Management objective of lengthening the maturity profile of the public debt.
Based on the above and current market conditions, Table 1 provides a summary of the gross borrowing requirement for the period September to November, 2019. The amounts stated in the Calendar are indicative to guide the market and may be revised when transaction adverts are published.