The latter would enable price discovery and the development of a yield curve which could be used as a reference for pricing other fixed-income securities, thus paving the way for the development of corporate bonds. Our ultimate objective is to broaden and deepen our financial markets.
We thus came up with a series of measures ranging from auctions of single-maturity instruments and the issue of 10-year and 15-year benchmark bonds. We also issued an index-linked bond to diversify the Government debt portfolio and to extend the range of investment opportunities for investors. 25. We continued work on modernising the conduct of auctions of public paper.