March 24 (SeeNews) - Kosovo's finance ministry sold 8.5 million euro ($9.2 million) worth of seven-year Treasury notes at an auction held on March 23, below its 15-million-euro target, it said on Friday.
The average weighted yield on the government securities was 3.58%, higher than 2.98% achieved at the previous auction of seven-year T-notes held in April 2022, the finance ministry said in a data release.
The government securities will mature on March 24, 2030.
Details follow:
Auction date |
March 23, 2023 |
April 29, 2022 |
Amount offered (mln euro) |
15 |
20 |
Amount sold (mln euro) |
8.5 |
20 |
Total bids placed (mln euro) |
18.85 |
21.95 |
Bid-to-cover ratio |
2.22 |
1.10 |
Maximum accepted rate |
3.95% |
3.42% |
Minimum accepted rate |
3.55% |
2.90% |
Average weighted yield |
3.58% |
2.98% |
Coupon rate |
3.50% |
2.90% |
($ = 0.928349 euro)