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N. Macedonia to sell 2.55 bln denars (41.1 mln euro) of govt paper on Oct 29

Oct 25, 2019, 11:54:12 AMArticle by Klaudjo Jonuzaj
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SKOPJE (North Macedonia), October 25 (SeeNews) – North Macedonia's finance ministry will offer two issues of government securities worth a total of 2.55 billion denars ($45.8 million/41.1 million euro) at an auction on October 29, according to notices published by the country's central bank.

N. Macedonia to sell 2.55 bln denars (41.1 mln euro) of govt paper on Oct 29
Toshe Ognjanov/Shutterstock.com

The offer comprises 1.65 billion denars worth of one-year T-bills and 900 million denars of 30-year Treasury notes.

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 issues follow:

  Amount (mln denars) Coupon
1-year 1,650 0.60%
30-year 900 4.10%

(1 euro= 61.06 denars)

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