December 6 (SeeNews) - Macedonia sold on Tuesday 625 million denars ($10.9 million/10.2 million euro) in one-year Treasury bills, as demand significantly exceeded supply, the central bank, NBRM, said.
The coupon on the issue was 2.60%, unchanged in comparison to the previous auction of one-year government securities.
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 |
Dec 6 |
Nov 29 |
Maturity date |
Dec 6, 2017 |
Nov 29, 2017 |
Amount offered (mln denars) |
625 |
5,345 |
Amount sold (mln denars) |
625 |
5,344.9 |
Total bids placed (mln denars) |
1,001.8 |
5,439.6 |
Bid-to-cover ratio |
1.6 |
1.02 |
Coupon |
2.60% |
2.60% |
(1 euro = 61.3636 denars)