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N. Macedonia to sell 1.12 bln denars (18.2 mln euro) of govt paper on Aug 16

N. Macedonia to sell 1.12 bln denars (18.2 mln euro) of govt paper on Aug 16 Toshe Ognjanov/Shutterstock.com

SKOPJE (N. Macedonia), August 11 (SeeNews) - North Macedonia's finance ministry said it will offer two issues of government securities worth a total of 1.12 billion denars ($18.8 million/18.2 million euro) at an auction on August 16, the country's central bank said.

The ministry will offer 200 million denars worth of one-year Treasury bills with a 2% interest rate and 920 million denars worth of 15-years government bonds with a 4% coupon at two separate auctions, the central bank said in an auction notice on Wednesday.

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.

Type Amount (mln denars) Interest rate
15-year
T-bonds
920 4.00%
1-year T-Bills 200 2.00%

(1 euro = 61.58 denars)

 
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