September 22 (SeeNews) - Macedonia will offer a total of 665 million denars ($12.2 million/10.8 million euro) in one-year Treasury bills without euro clause and 15-year Treasury bonds with euro clause, in an auction scheduled for September 27, according to data posted on the website of the country's central bank, NBRM.
The issues' coupons are the same as in the previous auctions of securities of those maturities.
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 paper with a euro clause are issued and sold in denars and indexed to the euro.
Details follow:
Maturity |
Amount (mln denars) |
Coupon |
Euro clause |
357 days |
300 |
2.60% |
without |
15 years |
365 |
4.30% |
with |
(1 euro=61.5753 denars)