Government’s efforts at having a well-structured and a well-functioning money market are still on course, the Ministry of Finance, has said.
In this regard and to build on the Joint Book Runner (JBR) system, Government has streamlined its engagements with investors as a way of further developing the primary and secondary markets, the Ministry added.
To this end, it said, government has appointed Bond Market Specialists (BMS) from within the Primary Dealers and licensed investment dealers to conduct Government’s bond market operations.
The Guidelines for the Government Securities Market Primary Dealers and Bond Market Specialists issued by the Ministry said “ In 2015, Government announced changes to the issue and trading of GOG securities, limiting the number of institutions that could act as Primary dealers.
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