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Macedonia sells 4.7 bln denars (76.5 mln euro) of govt paper

Sep 20, 2017, 4:50:34 PMArticle by Ivaylo Mihaylov
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September 20 (SeeNews) - Macedonia's central bank NBRM said it raised on Tuesday a combined 4.7 billion denars ($91.8 million/76.5 million euro) in three issues of government securities with different maturities, below its target of 4.8 billion denars.

Macedonia sells 4.7 bln denars (76.5 mln euro) of govt paper
Toshe Ognjanov/Shutterstock.com

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)

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