The Ministry of Finance presented the results of the first round of trading in government bonds on evms.md platform. Secretary of state of the Ministry of Finance Ion Gumene said that over 800 transactions to the total value of almost 79 million lei were registered on the online platform by September 25. The figure is by 60 percent higher than the initial projections of online transactions of up to 50 million lei. evms.md is considered a “revolution platform” on the Moldovan capital market, IPN reports.

“We realize that the people are reluctant. However, we are encouraged by the number of subscriptions, transactions and volume of state securities purchased. Thus, during 10 days, until September 25, when the subscription period ended, 815 transactions to the value of 78.712,9 million lei were registered, which exceeds by almost 60 percent the initial announced value of 50 million lei. The transactions were performed by 612 individuals,” said the secretary of state of the Ministry of Finance.

According to Ion Gemene, the lowest traded value is 100 lei and many people test the way the platform works in this way. The largest transaction is 7 million lei.

“The amounts obtained by the Ministry of Finance will be used, invested in the development of projects of national importance. The money is intended to finance social development projects included in the state budget, such as schools, roads. I thank those who trusted and used this platform,” said the official.

At the same time, Ion Gumene noted that a survey will be conducted among the users of the platform and among those interested in the coming days in order to identify their expectations of the online platform evms.md.

According to the authorities, investments in state securities are guaranteed by the state and provide investors with long-term security and stability.

September 26 was the date of issuance. From that day, the state securities purchased during the subscription period were settled and transferred to investors’ portfolios. Therefore, the investors became official holders of state securities and the interest calculation process began.

People who have purchased state securities can monitor the amount invested and the interest in their personal portfolio. Every half year, investors will receive a coupon with the calculated interest, which will be transferred directly to the payment account registered on evms.md. The Ministry of Finance’s campaign is carried out with the support of USAID MISRA.