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Macedonia sells 1.6 bln denars (25.9 mln euro) of govt paper – table

Macedonia sells 1.6 bln denars (25.9 mln euro) of govt paper – table Toshe Ognjanov/Shutterstock.com

SKOPJE (Macedonia), February 12 (SeeNews) – Macedonia's finance ministry raised 1.6 billion denars ($29.2 million/25.9 million euro) by selling two issues of government securities, the country's central bank said on Tuesday.

The finance ministry sold 1.1 billion denars of one-year T-bills and 500 million denars of 5-year T-notes, the central bank, NBRM, said in a statement.

The central bank sells government securities on behalf of the finance ministry through volume tenders, in which the price and coupon are fixed in advance and primary dealers only bid with amounts.

One-year T-bills

Auction date February 12
Maturity date February 12, 2020
Amount offered (mln denars) 1,100
Amount sold (mln denars) 1,099
Total bids placed (mln denars) 4,316
Interest 0.80%

5-year T-notes

Auction date February 12
Maturity date February 14, 2024
Amount offered (mln denars) 500
Amount sold (mln denars) 500
Total bids placed (mln denars) 500
Interest 1.30%

(1 euro = 61.14 denars)

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