January 19 (SeeNews) - North Macedonia's finance ministry said it will offer to investors two issues of government securities worth 1.2 billion denars ($21 million/19.5 million euro) in total on January 24.
The ministry will offer 950 million denars worth of one-year Treasury bills with a 3.5% interest rate and 250 million denars of 15-year bonds with a 5.4% coupon at two separate auctions, the central bank said in a statement 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 |
1-Year T-Bills |
950 |
3.5% |
15-Years
T-bonds |
250 |
5.4% |
(1 euro = 61.67 denars)