December 13 (SeeNews) - Macedonia's finance ministry has raised a total of 325 million denars ($6.2 million/5.3 million euro) from the sale of two issues of government securities on Tuesday, the central bank, NBRM, said.
Macedonia offered and sold 265 million denars of six-month Treasury bills and 60 million denars in three-year Treasury notes, NBRM said.
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.
Details follow:
Six-month T-bills
| Auction date |
Dec 12 |
| Maturity date |
June 20, 2018 |
| Amount offered (mln denars) |
265 |
| Amount sold (mln denars) |
265 |
| Total bids placed (mln denars) |
660.4 |
| Coupon |
1.45% |
Three-year T-notes
| Auction date |
Dec 12 |
| Maturity date |
November 2, 2020 |
| Amount offered (mln denars) |
60 |
| Amount sold (mln denars) |
60 |
| Total bids placed (mln denars) |
83.5 |
| Coupon |
2.35% |
Source: NBRM
(1 euro = 61.621 denars)