Middle East Economic Survey

VOL. LIV

No 1-2

3/10-Jan-2011

syria

Syrias $64Mn Treasury Bond Issue Oversubscribed

The Syrian Ministry of Finance auction at the end of December to issue S3bn ($64mn) worth of treasury bonds was oversubscribed, like the debut treasury bills for S2bn ($43bn) issued for the first time on 13 December (MEES, 20 December 2010). The bonds were issued in three tranches of S1bn ($21mn), with maturities of one, three and five years. The yield was 1.44% on the one-year...