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N. Macedonia to offer 1.5 bln denars (24.3 mln euro) of 1-yr T-bills on May 25

N. Macedonia to offer 1.5 bln denars (24.3 mln euro) of 1-yr T-bills on May 25 Photo: www.fmf.gov.ba

SKOPJE (N. Macedonia), May 18 (SeeNews) - North Macedonia's finance ministry will offer to investors one-year Treasury bills worth a total of 1.5 billion denars ($25.5 million/24.3 million euro) at an auction on May 25, the central bank said on Wednesday.

The interest rate of the government securities, which mature on May 25, 2023, is set at 1.40%, 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.

(1 euro = 61.82 denars)

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