September 17 (SeeNews) - North Macedonia's finance ministry will offer to investors government securities worth a total of 780 million denars ($14.9 million/12.7 million euro) at two auctions on September 21, the central bank said.
The ministry will offer 480 million denars worth of one-year Treasury bills and 300 million denars worth of three-year T-notes, 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 |
1-year T-bills |
480 |
0.50% |
3-year T-notes |
300 |
0.80% |
(1 euro = 61.53 denars)