On December 19, 2018, the Minister of Finance Dragan Tevdovski and the CEO of the Macedonian Stock Exchange Ivan Steriev signed an agreement on listing government bonds. The stock exchange listing of government bonds will mean that this financial instrument will become maximally viable and accessible on the secondary securities market in the Republic of Macedonia, while at the same time it will increase the available offer of the Stock Exchange. Consequently, listing and trading on a regulated market will be a new quality for continuous government bonds, which should contribute to an even greater interest in investing in this instrument by domestic and foreign investors, with all the positive return implications, including more favorable terms when issuing bonds in the future.
Continuous government bonds will start trading on the Macedonian Stock Exchange from the beginning of 2019.
In the past period, the Stock Exchange reduced the trading fee for these bonds, with the rate of trading fee now at a competitive level with the trading fees with such instruments in the region.
With the first wave of stock exchange listing of the continuous government bonds, over 130 issues with a total nominal value of around 900 million euros will be listed, with the bonds with a maturity of 2 to 30 years. The largest number of bonds is with maturity of 10 and 15 years.
In the future, newly issued government bonds will be listed continuously on the MSE, i.e. as they will be issued.