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N. Macedonia to auction 75 mln euro of govt paper on July 9

Jul 3, 2024, 3:18:11 PMArticle by Dragana Petrushevska
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July 3 (SeeNews) - North Macedonia's finance ministry will offer to investors two issues of fixed-rate government securities worth 4.6 billion denars ($80.5 million/74.8 million euro) in total on July 9, central bank data showed on Wednesday.

N. Macedonia to auction 75 mln euro of govt paper on July 9

The ministry will offer 3 billion denars worth of one-year Treasury bills and 1.6 billion denars worth of 15-year government bonds, 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 3,000 3.80%
15-year bonds 1,600 5.60%

(1 euro = 61.52 denars)

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