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Kosovo sells 20 mln euro of 7-yr T-notes

Jun 14, 2024, 12:34:47 PMArticle by Genta Hodo
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June 14 (SeeNews) - Kosovo's finance ministry sold 20 million euro ($21.4 million) worth of seven-year Treasury notes, as much as it targeted, at an auction held on June 13, it said on Friday.

Kosovo sells 20 mln euro of 7-yr T-notes

The average weighted yield on the government securities was 4.35%, higher than 3.58% achieved at the previous auction of seven-year T-notes held in March 24, 2023, the finance ministry said in a data release.

The government securities will mature on June 14, 2031.

Details follow:

Auction date June 13, 2024 March 23, 2023
Amount offered (mln euro) 20 15
Amount sold (mln euro) 20 8.5
Total bids placed (mln euro) 28.7 18.85
Bid-to-cover ratio 1.44 2.22
Average weighted yield 4.35% 3.58%
Coupon rate 4.30% 3.50%

($=0.936 euro)

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