June 28 (SeeNews) - North Macedonia's finance ministry sold 632 million denars ($10.8 million/10.3 million euro) worth of government securities on Tuesday, central bank data showed.
The ministry sold 290 mllion denars worth of one-year Treasury bills and 341.75 million denars worth of 15-year government bonds at another auction, the central bank data showed.
The finance ministry did not receive any bids at a third auction on Tuesday offering 600 million denars worth of three-month T-bills.
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:
3-month T-bills
Auction date |
June 28, 2022 |
Maturity date |
September 28, 2022 |
Amount offered (mln denars) |
600 |
Amount sold (mln denars) |
0 |
Total bids placed (mln denars) |
0 |
Interest rate |
0.10% |
One-year T-bills
Auction date |
June 28, 2022 |
Maturity date |
June 28, 2023 |
Amount offered (mln denars) |
290 |
Amount sold (mln denars) |
290 |
Total bids placed (mln denars) |
290 |
Coupon interest rate |
1.20% |
15-year bonds
Auction date |
June 28, 2022 |
Maturity date |
June 30, 2037 |
Amount offered (mln denars) |
350 |
Amount sold (mln denars) |
341.75 |
Total bids placed (mln denars) |
341.75 |
Coupon interest rate |
3.70% |
(1 euro = 61.45 denars)