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N. Macedonia sells 2.5 bln denars (40.3 mln euro) of govt securities – table

Sep 24, 2019, 3:26:20 PMArticle by Klaudjo Jonuzaj
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SKOPJE (North Macedonia), September 24 (SeeNews) – North Macedonia's finance ministry sold 2.5 billion denars ($44.4 million/40.3 million euro) worth of government securities at auctions on September 24, the country's central bank said on Tuesday.

N. Macedonia sells 2.5 bln denars (40.3 mln euro) of govt securities – table
Toshe Ognjanov/Shutterstock.com

The finance ministry sold 1.5 billion denars of one-year T-bills and 1 billion denars of 15-year T-bonds, the central bank, NBRM, said in a statement.

The central bank 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.

1-year T-bills

Auction date Sept 24
Maturity date Sept 16, 2020
Amount offered (bln denars) 1.5
Amount sold (bln denars) 1.5
Total bids placed (bln denars) 5.2
Interest 0.7%

15-year T-bonds

Auction date Sept 24
Maturity date Sept 19, 2034
Amount offered (bln denars) 1
Amount sold (bln denars) 1
Total bids placed (bln denars) 1.7
Interest 3.1%

(1 euro = 61.09 denars)

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