January 18 (SeeNews) - North Macedonia's finance ministry will offer to investors government securities worth a total of 1.5 billion denars ($27.7 million/24.4 million euro) on January 25, the central bank said on Tuesday.
The ministry will offer 1.4 billion denars worth of one-year Treasury bills at one auction and 100 million denars worth of three-year T-notes at another auction, 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 |
1,400 |
0.60% |
3-year T-notes |
100 |
0.90% |
(1 euro = 61.48 denars)