January 17 (SeeNews) - Macedonia will offer a total of 1.475 billion denars ($24 million/29.3 million euro) worth of three government securities issues at an auction on January 23, according to notices posted on the website of the country's central bank, NBRM.
The offer comprises 500 million denars of 15-year Treasury bonds, a separate 500 million denars issue of 15-year Treasury bonds and 475 million denars of one-year T-bills, NBRM data shows.
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.
Details on the Treasury paper issues follow:
Term |
Amount (mln denars) |
Coupon |
15-year |
500 |
3.70% |
15-year |
500 |
3.20% |
1-year |
475 |
1.20% |
Source: NBRM
(1 euro = 61.41 denars)