https://sputnikglobe.com/20221007/estonia-issues-long-term-bonds-worth-980mln-at-4-interest-rate-due-by-2032-1101593663.html
Estonia Issues Long-Term Bonds Worth $980Mln at 4% Interest Rate Due by 2032
Estonia Issues Long-Term Bonds Worth $980Mln at 4% Interest Rate Due by 2032
Sputnik International
MOSCOW (Sputnik) - Estonia has issued long-term government bonds with a 10-year maturity in the amount of one billion euros ($980 million) with an interest... 07.10.2022, Sputnik International
2022-10-07T06:28+0000
2022-10-07T06:28+0000
2022-10-07T07:57+0000
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At the end of September, the Estonian government approved the state budget for 2023 with a deficit of 1 billion euros. Defense spending has become the top priority and for the first time will exceed 1 billion euros, or 2.7% of GDP. The state budget has been submitted to the parliament for discussion.Estonia's state budget revenues for 2023 will amount to 16 billion euros, which 16% less than in 2022, while expenditures will amount to 17 billion euros, up by 18% compared to this year.
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Estonia Issues Long-Term Bonds Worth $980Mln at 4% Interest Rate Due by 2032
06:28 GMT 07.10.2022 (Updated: 07:57 GMT 07.10.2022) MOSCOW (Sputnik) - Estonia has issued long-term government bonds with a 10-year maturity in the amount of one billion euros ($980 million) with an interest rate of 4% per annum, the country’s finance ministry said.
"Investor interest in the issuing of government bonds proved to be significant, given the recent nervous state of the market. A total of 93 international investors sought to subscribe to the bonds in excess of EUR 1.8 billion. The final volume of the long-term bond issue was EUR 1 billion and the coupon interest rate was 4% per annum. The bonds have a maturity date in October 2032," the ministry said in a statement on Thursday.
At the end of September, the Estonian government approved the
state budget for 2023 with a deficit of 1 billion euros. Defense spending has become the top priority and for the first time will exceed 1 billion euros, or 2.7% of GDP. The state budget has been submitted to the parliament for discussion.
Estonia's state budget revenues for 2023 will amount to 16 billion euros, which 16% less than in 2022, while expenditures will amount to 17 billion euros, up by 18% compared to this year.
