July 4 (SeeNews) - Macedonia's finance ministry raised on Tuesday a combined 1.67 billion denars ($31 million/27.3 million euro) in four issues of government securities with different maturities, below its target of 1.72 billion denars, the central bank, NBRM, said.
The coupon of all the issues was unchanged from previous similar auctions.
NBRM 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.
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 |
July 4 |
May 2 |
Maturity date |
Jan 10,2018 |
Nov 1,2017 |
Amount offered (mln denars) |
200 |
230 |
Amount sold (mln denars) |
150 |
230 |
Total bids placed (mln denars) |
150 |
583 |
Bid-to-cover ratio |
0.75 |
2.53 |
Coupon |
1.55% |
1.55% |
6-month T-bills with euro clause
Auction date |
July 4 |
June 27 |
Maturity date |
Jan 10, 2018 |
Dec 13,2017 |
Amount offered (mln denars) |
473 |
150 |
Amount sold (mln denars) |
473 |
150 |
Total bids placed |
473 |
574 |
Bid-to-cover ratio |
1 |
3.83 |
Coupon |
1.45% |
1.45% |
1-year T-bills
Auction date |
July 4 |
June 27 |
Maturity date |
July 4,2018 |
June 20,2018 |
Amount offered (mln denars) |
591.33 |
150 |
Amount sold (mln denars) |
591.33 |
150 |
Total bids placed |
591.33 |
284.15 |
Bid-to-cover ratio |
1 |
1.89 |
Coupon |
1.85% |
1.85% |
15-year T-bonds with euro clause
Auction date |
July 4 |
June 27 |
Maturity date |
July 6,2032 |
June 29,2032 |
Amount offered (mln denars) |
459.64 |
900 |
Amount sold (mln denars) |
459.64 |
900 |
Total bids placed |
459.64 |
1,140.5 |
Bid-to-cover ratio |
1 |
1.27 |
Coupon |
3.80% |
3.80% |
(1 euro = 61.39 denars)