August 24 (SeeNews) - Macedonia will offer a total of 350 million denars ($6.4 million/5.7 million euro) in two issues of government securities at an auction scheduled for August 30, data from the country's central bank, NBRM, showed.
The bank will offer 305 million denars in 1-year T-bills without euro clause with a 2.6% coupon, data published on the NBRM website showed. At the previous similar auction on August 16 the bank sold 760.9 million denars at the same yield.
The bank will also offer 145 million denars in 15-year T-bonds with euro clause. The issue will bear a 4.3% coupon, the same as at the previous like auction on August 16, when 154 million denars were raised.
NBRM sells government securities on behalf of the finance ministry through a volume tender, in which the price and coupon are fixed in advance and primary dealers bid only with amounts.
Government papers with a euro clause are issued and sold in denars and indexed to the euro.
($=54.6792 denars)