16. Issuance of Government debt securities in the domestic market

Issuance of Government debt securities in the domestic market by the Office shall either be by way of auction in accordance with the auction calendar or any other market based mechanism.

The auction calendar shall be published in the websites of the Ministry of Finance and of the Office at least two weeks prior to the first issuance date planned under the auction calendar and shall cover a minimum of three calendar months on rolling basis from the date of its publication.

On the recommendation of the Minister and with the approval of the Cabinet of Ministers, Government debt securities may be issued in the domestic market by way of non-market based mechanisms.