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N. Macedonia to offer 1.15 bln denars (18.4 mln euro) of govt paper on June 28

N. Macedonia to offer 1.15 bln denars (18.4 mln euro) of govt paper on June 28 Toshe Ognjanov/Shutterstock.com

SKOPJE (N. Macedonia), June 22 (SeeNews) - North Macedonia's finance ministry will offer to investors government securities worth a total of 1.15 billion denars ($19.6 million/18.7 million euro) on June 28, the central bank said on Wednesday.

The ministry will offer 200 million denars worth of one-year Treasury bills, 600 million denars worth of three-month T-bills and 350 million denars worth of 15-year government bonds at three separate auctions, the central bank said in an auction 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 on the auctions follow:

Type Amount (mln denars) Coupon interest rate
1-year T-bills 200 1.20%
3-month T-bills 600 0.10%
15-year bonds 350 3.70%

(1 euro = 61.58 denars)

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