March 22 (SeeNews) - North Macedonia's finance ministry said on Wednesday it will offer to investors three issues of fixed-rate government securities worth 1.8 billion denars ($31.5 million/29.2 million euro) in total on March 28.
The ministry will offer 1 billion denars worth of one-year Treasury bills at one auction and 800 million denars worth of 15-year government bonds at two other auctions, the central bank said in a notice.
The central bank will sell the government securities on behalf of the finance ministry through a volume tender, in which the price and coupon are set in advance and primary dealers bid only with amounts.
Details follow:
Type |
Amount (mln denars) |
Interest rate |
1-year T-bills |
1,000 |
4.00% |
15-year bonds |
200 |
5.65% |
15-year bonds |
600 |
5.90% |
(1 euro = 61.61 denars)