June 28 (SeeNews) - Macedonia will offer 1.5 billion denars ($27.6 million/24.3 million euro) in four issues of government securities with different maturities in an auction on July 4, according to notices posted on the website of the country's central bank, NBRM.
The offer comprises 200 million denars in six-month Treasury bills, 350 million denars in six-month T-bills with euro clause, 500 million denars in one-year government securities and 450 million denars in 15-year Treasury notes with euro clause.
The coupons of all four issues will remain the same as at previous similar auctions.
NBRM will sell the 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 securities with a euro clause are issued and sold in denars and indexed to the euro.
Details on the four Treasury paper issues follow:
Term |
Amount (mln denars) |
Coupon |
Euro clause |
6 months |
200 |
1.55% |
without |
6 months |
350 |
1.45% |
with |
1 year |
500 |
1.85% |
without |
15 years |
450 |
3.80% |
with |
(1 euro = 61.69 denars)