December 7 (SeeNews) - North Macedonia's finance ministry will offer to investors government securities worth a total of 3.7 billion denars ($67.7 million/60.2 million euro) on December 14, the central bank said.
The ministry will offer 3.1 billion denars worth of one-year Treasury bills at two separate auctions and 600 million denars worth of three-year T-notes 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 |
950 |
0.50% |
1-year T-bills |
2,100 |
0.70% |
3-year T-notes |
600 |
1.30% |
(1 euro = 61.47 denars)