Medium- and long-term government securities, with maturities ranging from one to 30 years, are issued at their nominal value and carry a fixed interest rate throughout the life of the bond. These treasury bonds are typically issued through multiple-price auctions.
These bonds are issued in accordance with the provisions of Legislative Decree No. 60 of 2007, its executive instructions and the Government Securities Operations Manual. This authorized the Ministry of Finance, in coordination with the Central Bank of Syria (issuing agent), to issue government securities (treasury bills and bonds).
The issuance of government securities aims to effectively manage public debt based on providing sources of financing for both current and investment expenditures of the Ministry of Finance, using financial instruments. These instruments are designed to avoid contributing to inflationary pressures while positively impacting monetary and financial policies, as well as the national economy as a whole. Treasury bills and bonds are considered the most significant tools for meeting the financing needs of the Ministry of Finance.