August 30 (SeeNews) - Macedonia raised on Tuesday a total of 450 million denars ($8.2 million/7.3 million euro) through the sale of 1-year T-bills without euro clause and 15-year T-bonds with euro clause, data from the country's central bank, NBRM, showed.
Yields of both issues remained the same, the data indicated.
Details follow:
1-year T-bills without euro clause
Auction date |
August 30 |
August 16 |
Maturity date |
August 31, 2017 |
August 16, 2017 |
Amount offered (mln denars) |
231.1 |
760.86 |
Amount sold (mln denars) |
231.1 |
760.86 |
Total bids placed (mln denars) |
344.82 |
760.86 |
Bid-to-cover ratio |
1.49 |
1.0 |
Coupon |
2.60% |
2.60% |
15-year T-bonds with euro clause
Auction date |
August 30 |
August 16 |
Maturity date |
Sept 1, 2031 |
August 18, 2031 |
Amount offered (mln denars) |
218.9 |
154 |
Amount sold (mln denars) |
218.9 |
154 |
Total bids placed (mln denars) |
218.9 |
154 |
Bid-to-cover ratio |
1.0 |
1.0 |
Coupon |
4.30% |
4.30% |
NBRM sells 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 papers with a euro clause are issued and sold in denars and indexed to the euro.
(1 euro=61.3322 denars)