Estonia to raise up to 1 billion euros to tackle coronavirus outbreakTALLINN (Reuters) – Estonia is preparing to raise up to 1 billion euros ($1.1 billion) to cope with the coronavirus outbreak, including via short-dated bonds, the Finance Ministry said on Saturday.
As a first step, the maximum allowed issuance of short-term bonds would be raised to 1 billion euros from 400 million euros, the ministry said.
“I think it makes sense to create a strong cash buffer immediately as the situation on the financial market is unpredictable and later the price and availability of the needed assets could weaken,” Finance Minister Martin Helme said.
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Source: Economy - investing.com
