September 20 (SeeNews) - North Macedonia's finance ministry sold 548.4 million denars ($8.9 million/8.9 million euro) worth of government securities on Tuesday, central bank data showed.
The finance ministry sold 150.6 million denars worth of one-year Treasury bills and 397.8 million denars worth of 15-year government bonds in two separate auctions, the central bank data showed.
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 bid only with amounts.
Details of the auctions follow:
One-year T-bills
Auction date |
September 20, 2022 |
Maturity date |
September 20, 2023 |
Amount offered (mln denars) |
250 |
Amount sold (mln denars) |
150.6 |
Total bids placed (mln denars) |
150.6 |
Interest rate |
2% |
15-year bonds
Auction date |
September 20, 2022 |
Maturity date |
September 9, 2037 |
Amount offered (mln denars) |
397.8 |
Amount sold (mln denars) |
397.8 |
Total bids placed (mln denars) |
397.8 |
Coupon interest rate |
4.2% |
(1 euro = 61.55 denars)