January 4 (SeeNews) - North Macedonia's finance ministry will offer to investors government securities worth a total of 1.7 billion denars ($31.1 million/27.6 million euro) on January 11, the central bank said on Tuesday.
The ministry will offer 1.05 billion denars worth of one-year Treasury bills at two separate auctions and 650 million denars worth of 15-year government bonds at a third 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 |
450 |
0.40% |
1-year T-bills |
600 |
0.60% |
15-year bonds |
650 |
2.60% |
(1 euro = 61.58 denars)