June 14 (SeeNews) - Kosovo's finance ministry sold 20 million euro ($21.4 million) worth of seven-year Treasury notes, as much as it targeted, at an auction held on June 13, it said on Friday.
The average weighted yield on the government securities was 4.35%, higher than 3.58% achieved at the previous auction of seven-year T-notes held in March 24, 2023, the finance ministry said in a data release.
The government securities will mature on June 14, 2031.
Details follow:
Auction date |
June 13, 2024 |
March 23, 2023 |
Amount offered (mln euro) |
20 |
15 |
Amount sold (mln euro) |
20 |
8.5 |
Total bids placed (mln euro) |
28.7 |
18.85 |
Bid-to-cover ratio |
1.44 |
2.22 |
Average weighted yield |
4.35% |
3.58% |
Coupon rate |
4.30% |
3.50% |
($=0.936 euro)