2026 Domestic Dollar Bond: PDMO holds pre-bid meeting

The Public Debt Management Office (PDMO) of the Ministry of Finance convened a pre-bid meeting for the Domestic Dollar Bond (DDB) 2026 last week (16), with all 15 Designated Agents and the Paying Agent in attendance, according to an official statement released by the PDMO.

Accordingly, the meeting provided a platform for participants to seek clarification on operational and regulatory matters related to this issuance. Officials from the Central Bank’s Foreign Exchange Department, as well as the Treasury’s Fiscal Policy Department and Treasury Operations Department, also attended the meeting.

The DDB 2026 will be issued through 15 Designated Agents, comprising Primary Dealers and Licensed Commercial Banks. The PDMO stated that this issuance is part of the Government’s efforts to diversify funding sources and deepen the domestic government securities market.

According to the offer document, the bonds will have maturities of one, two, and three years, with fixed interest rates determined through competitive bidding. Subscriptions open on 19 October at 9 a.m. and close on 23 October at noon, with settlement on 30 October. The minimum investment amount is $ 10,000.

The bonds are issued under the Public Debt Management Act No. 33 of 2024, with the Central Bank granting permission under the Foreign Exchange Act No. 12 of 2017.