October 18 (SeeNews) - Macedonia's government raised on Tuesday 1.96 billion denars ($35 million/31.9 million euro) through the sale of one-year T-bills and two-year T-notes, below its target of 1.99 billion denars, the country's central bank, NBRM, said.
NBRM sold the government securities on behalf of the finance ministry through a volume tender, in which the price and coupon are fixed in advance and primary dealers bid only with amounts.
Details follow:
1-yr T-bills
Auction date |
Oct 18 |
Sept 20 |
Maturity date |
Oct 18, 2017 |
Sept 20, 2017 |
Amount offered (mln denars) |
1,415 |
2,175 |
Amount sold (mln denars) |
1,389.21 |
2,175 |
Total bids placed (mln denars) |
1,389.21 |
2,175 |
Bid-to-cover ratio |
0.98 |
1 |
Coupon |
2.60% |
2.60% |
2-yr T-notes
Auction date |
Oct 18 |
July 21, 2015 |
Maturity date |
Oct 20,2018 |
July 23, 2017 |
Amount offered (mln denars) |
570 |
45 |
Amount sold (mln denars) |
570 |
14 |
Total bids placed (mln denars) |
570 |
14 |
Bid-to-cover ratio |
1 |
0.31 |
Coupon |
2.80% |
2% |
(1 euro=61.4790 denars)