DUSHANBE, July 21, 2010, Asia-Plus — The Ministry of Finance (MoF) again announces a tender for placing temporarily surplus funds raised from the sale of shares in open joint-stock company (OJSC) NBO Roghun in one of Tajikistan’s banks.
The source at a MoF says a total amount of such funds is now 300 million somoni (equivalent to some 70 million U.S. dollars).
All banks of the country may participate in the tender and applications for participation in the tender will be accepted until 10:00 am of July 23.
The first tender was held on May 28, 2010 and that time, the MoF was going to place the temporarily surplus funds in one of commercial banks until the end of this year, while this time, the ministry intends to place the funds in one of the country’s banks for the period of one year.
Only three banks participated in the tender that took place on May 28. An average interest rate offered by the banks did not exceed 0.6 percent that did not suit the MoF.
The sale of Roghun shares to the public and donations made by individuals and businesspeople has earned the government 819,249,400 somoni (equivalent to more than 185 million U.S. dollars) by June 10, 2010.
To raise funds to complete construction of the Roghun HPP the government started to sell shares in Roghun to people on January 6 this year. Tajikistan has issued 6 billion somoni (US$1.37 billion) worth of Roghun shares.
