November 1 (SeeNews) - Macedonia's government raised on Tuesday 3.78 billion denars ($67.9 million /61.5 million euro) through the sale of six-month and one-year Treasury bills, two-year notes and fifteen-year bonds, in line with its target, the country's central bank, NBRM, said.
The two-year and fifteen-year government securities are with a euro clause, the central bank data showed.
NBRM sold the government securities on behalf of the finance ministry through a volume tender, in which the price and coupon are fixed in advance and primary dealers bid only with amounts. Government securities with a euro clause are issued and sold in denars and indexed to the euro.
Details follow:
6-month T-bills
Auction date |
Nov 1 |
Sept 20 |
Maturity date |
May 3, 2017 |
March 22, 2017 |
Amount offered (mln denars) |
506.2 |
440 |
Amount sold (mln denars) |
506.2 |
250 |
Total bids placed (mln denars) |
655 |
250 |
Bid-to-cover ratio |
1.29 |
0.57 |
Coupon |
2.30% |
2.30% |
1-year T-bills
Auction date |
Nov 1 |
Oct 18 |
Maturity date |
Nov 1,2017 |
Oct 18,2017 |
Amount offered (mln denars) |
2,366 |
1,415 |
Amount sold (mln denars) |
2,366 |
1,389.2 |
Total bids placed (mln denars) |
2,666 |
1,389.2 |
Bid-to-cover ratio |
1.13 |
0.98 |
Coupon |
2.60% |
2.60% |
2-year T-notes
Auction date |
Nov 1 |
Oct 18 |
Maturity date |
Nov 3,2018 |
Oct 20,2018 |
Amount offered (mln denars) |
375 |
570 |
Amount sold (mln denars) |
375 |
570 |
Total bids placed (mln denars) |
375 |
570 |
Bid-to-cover ratio |
1 |
1 |
Coupon |
2.70% |
2.80% |
15-year T-bonds
Auction date |
Nov 1 |
Oct 12 |
Maturity date |
Nov 3,2031 |
Oct 14,2031 |
Amount offered (mln denars) |
532.7 |
210.95 |
Amount sold (mln denars) |
532.7 |
210.95 |
Total bids placed (mln denars) |
532.7 |
210.95 |
Bid-to-cover ratio |
1 |
1 |
Coupon |
4.30% |
4.30% |
(1 euro=61.4909 denars)