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N. Macedonia to auction 97.4 mln euro of govt paper on March 5

Feb 28, 2024, 3:15:59 PMArticle by Dragana Petrushevska
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February 28 (SeeNews) - North Macedonia's finance ministry will offer to investors three issues of fixed-rate government securities worth 6 billion denars ($105.3 million/97.4 million euro) in total on March 5, central bank data showed on Wednesday.

N. Macedonia to auction 97.4 mln euro of govt paper on March 5
Photo by Towfiqu barbhuiya on Unsplash

The ministry will offer 4 billion denars worth of one-year Treasury bills, 1 billion denars worth of 15-year government bonds and 1 billion denars worth of five-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 4,000 3.80%
15-year bonds 1,000 5.60%
5-year notes 1,000 4.20%

(1 euro = 61.61 denars)

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