Skopje, 13 July 2023 (MIA) - The first auction for the popular bond at a total amount of Mden 600 million (EUR 10 million) will take place on Thursday. The popular bond is a new financial instrument issued under favorable conditions - five percent interest and two-year maturity period.

In a recent interview with MIA, Finance Minister Fatmir Besimi said it is a transparent, simple and favorable risk-free financial investment that offers benefits for citizens.

"Citizens who decide to invest in this bond will enjoy several benefits. First of all, this is risk-free investment. Secondly, citizens will get about five percent interest on the deposit. A single bond issued at the auction is worth Mden 10,000 and if someone decides to invest, let’s say, Mden 100,000, the proceeds by way of interest will amount to Mden 5,000 on July 20 next year and another Mden 5,000 the next year,” said Besimi.

The FinMin announced last week that he also filed an application to buy one popular bond.

Photo: MIA archive