January 17 (SeeNews) - Macedonia sold on Tuesday 400 million denars ($6.8 million/6.45 million euro) worth of one-year Treasury bills, as demand exceeded supply almost six-fold, the central bank, NBRM, said.
The coupon rate on the issue was set at 2.1%, lower than 2.4% at the last similar auction held a week ago.
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:
Auction date |
Jan 17,2017 |
Jan 10,2017 |
Maturity date |
Jan 10,2018 |
Jan 10,2018 |
Amount offered (mln denars) |
400 |
1,000 |
Amount sold (mln denars) |
400 |
999.6 |
Total bids placed |
2,181 |
3,143 |
Bid-to-cover ratio |
5.45 |
3.14 |
Coupon |
2.1% |
2.4% |
(1 euro=61.1707 denars)