September 27 (SeeNews) - Macedonia raised on Tuesday a total of 810.5 billion denars ($14.9 million/13.3 million euro) through the sale of reopened 1-year T-bills without euro clause, and 15-year T-bonds with euro clause, data from the country's central bank, NBRM, showed.
The yields on both issues remained unchanged.
Details follow:
1-year T-bills without euro clause, reopened
Auction date |
Sept 27 |
Sept 20 |
Maturity date |
Sept 20,2017 |
Sept 20,2017 |
Amount offered (mln denars) |
340 |
2,175 |
Amount sold (mln denars) |
340 |
2,175 |
Total bids placed (mln denars) |
340 |
2,175 |
Bid-to-cover ratio |
1 |
1 |
Coupon |
2.60% |
2.60% |
15-year T-bonds with euro clause
Auction date |
Sept 27 |
Sept 20 |
Maturity date |
Sept 29,2031 |
Sept 22,2031 |
Amount offered (mln denars) |
470.52 |
298.5 |
Amount sold (mln denars) |
470.52 |
298.5 |
Total bids placed (mln denars) |
470.52 |
298.5 |
Bid-to-cover ratio |
1 |
1 |
Coupon |
4.30% |
4.30% |
NBRM sells 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.
Government papers with a euro clause are issued and sold in denars and indexed to the euro.
(1 euro=61.0295 denars)