Zimbabwe’s Treasury has announced an issue calender for the period July 2021 to September 2021 as it seeks to “improve market transparency in the issuance of Government securities.”

Over the indicated three-month period, Treasury is looking to raise ZWL$15 billion through 270-days, 365-days and 730-days Treasury Bills (TBs).

270-days paper will account for ZWL$5,1 billion, while 365-days and 730-days paper will account for ZWL$4,63 billion and ZWL$4,65 billion, respectively.

“The calender takes into consideration of market developments and debt management objective of lengthening the maturity profile of domestic public debt instruments,” said the Ministry of Finance and Economic Development in a statement.

Earlier this year, the authorities indicated plans to raise $30 billion through the issuance of Treasury Bills and bonds to finance its 2021 budget deficit.

Treasury bonds and Treasury Bills are all Government-issued fixed income securities that are deemed safe and secure.

According to the Government debt plan for 2021, the auctions will now be held every Thursday with 80 percent of the money expected to be raised from the Treasury bills while the remainder from Treasury Bonds.