MYANMAR

The shadow government in Myanmar said it raised US$6.3 million on the opening day of a bond sale, in its biggest move yet to generate funds for its “revolution” to topple the ruling military junta that seized power on Feb 1. 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 Monday, mainly to Myanmar nationals overseas in denominations of $100, $500, $1,000 and $5,000, with two-year terms. Even though the bonds will pay no interest, $3 million worth were sold in the first three hours, the NUG said. Its overall target is $1 billion.