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Kosovo sells 10.4 mln euro worth of 5-yr T-notes

Feb 21, 2024, 2:49:44 PMArticle by Genta Hodo
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February 21 (SeeNews) - Kosovo's finance ministry sold 10.4 million euro ($11.2 million) worth of five-year fixed-rate Treasury notes at an auction held on February 16, the central bank said on Wednesday.

Kosovo sells 10.4 mln euro worth of 5-yr T-notes

The average weighted yield on the government securities came in at 4.10%, higher than 3.44% achieved at the previous auction of five-year T-notes held in February 2023, the central bank said in a data release.

The government securities will mature on February 20, 2029.

Details follow:

Auction date Feb 16 ‘24 Feb 24 ‘23
Amount offered (mln euro) 20 25
Amount sold (mln euro) 10.4 25
Total bids placed (mln euro) 18.5 30.55
Bid-to-cover ratio 1.77 1.22
Average weighted yield 4.10% 3.44%
Coupon rate 4.10% 3.40%

($ = 0.926 euro)

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