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Kosovo sells 15 mln euro worth of 2-yr T-notes

Apr 19, 2024, 5:36:59 PMArticle by Genta Hodo
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April 19 (SeeNews) - Kosovo's finance ministry sold 14.97 million euro ($16 million) worth of two-year Treasury notes at an auction held on April 18, below its 20-million-euro target, it said on Friday.

Kosovo sells 15 mln euro worth of 2-yr T-notes

The average weighted yield on the government securities came in at 3.94%, higher than 2.16% achieved at the previous auction of two-year T-notes held in March 2023, the finance ministry said in a data release.

The government securities will mature on April 19, 2024.

Details follow:

Auction date April 18 '24 March 10 ‘23
Amount offered (mln euro) 20 30
Amount sold (mln euro) 14.97 17.25
Total bids placed (mln euro) 16.47 36.50
Bid-to-cover ratio 1.1 2.12
Average weighted yield 3.94% 2.16%
Coupon rate 3.9% 2.10%

($=0.938 euro)

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