September 21 (SeeNews) - North Macedonia's finance ministry sold 650 million denars ($12.4 million/10.5 million euro) worth of government securities at two auctions held on Tuesday, central bank data showed.
The ministry sold 350 million denars worth of one-year Treasury bills and 300 million denars worth of three-year T-notes at the 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 21, 2021 |
Maturity date |
August 3, 2022 |
Amount offered (mln denars) |
480 |
Amount sold (mln denars) |
350 |
Total bids placed (mln denars) |
350 |
Interest rate |
0.50% |
Three-year T-notes
Auction date |
September 21, 2021 |
Maturity date |
July 29, 2024 |
Amount offered (mln denars) |
300 |
Amount sold (mln denars) |
300 |
Total bids placed (mln denars) |
300 |
Coupon interest rate |
0.80% |
(1 euro = 61.62 denars)