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N. Macedonia to auction 72 mln euro of govt paper on Dec 12

Dec 6, 2023, 3:11:37 PMArticle by Dragana Petrushevska
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December 6 (SeeNews) - North Macedonia's finance ministry will offer to investors three issues of fixed-rate government securities worth 4.45 billion denars ($77.9 million/72.2 million euro) in total on December 12, central bank data showed on Wednesday.

N. Macedonia to auction 72 mln euro of govt paper on Dec 12
Toshe Ognjanov/Shutterstock.com

The ministry will offer 2.6 billion denars worth of one-year Treasury bills, 1.2 billion denars worth of 15-year government bonds and 650 million denars worth of three-year T-notes, according to the central bank data.

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 bills 2,600 4.25%
15-year bonds 1,200 6.15%
3-year notes 650 4.45%

(1 euro = 61.61 denars)

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