The coupons of all four issues will remain the same as at 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.
Details follow in (million of denars):
Term | Maturity date | Supply | Demand | Sold | Interest rate |
1-year | Sept 19, 2018 | 600 | 493.24 | 493.24 | 1.75% |
1-year | Sept 19, 2018 | 2,945 | 2,945 | 2,945 | 1.85% |
15-year | Sept 21, 2032 | 1,256 | 1,256 | 1,256 | 3.80% |
Source:NBRM
(1 euro = 51.201 Macedonian denars)