Myanmar opposition raises $6.3 mln on launch of 'revolution' bonds
The Hindu
Even though the bonds will generate no interest income for buyers, $3 million worth were sold in the first three hours, the NUG said, increasing to $6.3 million by the end of the day
A shadow government in Myanmar said it has raised $6.3 million on the opening day of its inaugural bonds sale, in its biggest move yet to generate funds for its "revolution" to topple the .
Myanmar has been in bloody turmoil since the military's February 1 coup and movements that have sprang up to challenge the junta have been mainly supported by public donations.
The National Unity Government (NUG), an alliance of pro-democracy groups, ethnic minority armies and remnants of the ousted civilian government, said bonds went on sale on November 22 to mainly Myanmar nationals overseas in denominations of $100, $500, $1,000 and $5,000, with two-year tenures.













