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N. Macedonia to sell 3.3 bln denars (53.3 mln euro) of govt paper on Oct 15

N. Macedonia to sell 3.3 bln denars (53.3 mln euro) of govt paper on Oct 15 Toshe Ognjanov/Shutterstock.com

SKOPJE (North Macedonia), October 9 (SeeNews) – North Macedonia's finance ministry will offer two issues of government securities worth a total of 3.3 billion denars ($58.5 million/53.3 million euro) at an auction on October 15, according to notices published by the country's central bank.

The offer comprises 2.3 billion denars worth of one-year T-bills and 1.0 billion denars of 5-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 (bln denars) Coupon
1-year 2.3 0.6%
5-year 1.0 1.5%

(1 euro= 61.99 denars)

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