August 26 (SeeNews) - Kosovo's central bank said on Friday it has sold 20 million euro ($22.57 million) worth of 5-year Treasury notes, in line with target.
The average weighted yield on the securities dropped to 1.46% from 3.51% at the previous similar auction held on February 25, data from the bank indicated.
At the latest similar auction, Kosovo offered and sold 15 million euro in 5-year T-notes as demand exceeded more than twofold the amount on offer.
Details follow:
Auction date |
August 25 |
February 25 |
Amount offered (mln euro) |
20 |
15 |
Amount sold (mln euro) |
20 |
15 |
Total bids placed (mln euro) |
41.89 |
34.28 |
Bid-to-cover ratio |
2.09 |
2.29 |
Maximum accepted yield |
2.56 |
4.00 |
Minimum accepted yield |
0.96 |
2.15 |
Average weighted yield |
1.46 |
3.51 |
($=0.8860 euro)