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N. Macedonia sells 500 mln denars (8.0 mln euro) of 1-yr T-bills

N. Macedonia sells 500 mln denars (8.0 mln euro) of 1-yr T-bills Toshe Ognjanov/Shutterstock.com

SKOPJE (North Macedonia), January 14 (SeeNews) – North Macedonia's finance ministry has sold 500 million denars ($9.0 million/8.0 million euro) worth of one-year Treasury bills at an auction on Tuesday, in line with target, the central bank said.

The central bank sells government securities on behalf of the finance ministry through volume tenders, in which the price and coupon are set in advance and primary dealers only bid with amounts.

Details follow:

Auction date Jan 14, 2020
Maturity date Jan 13, 2021
Amount offered (mln denars) 500
Amount sold (mln denars) 500
Total bids placed (mln denars) 2,817
Interest rate 0.60%

(1 euro = 60.94 denars)

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