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N. Macedonia to sell 3.8 bln denars (61.4 mln euro) of govt paper on Nov 15

Nov 9, 2022, 3:36:26 PMArticle by Monika Stojanovska
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November 9 (SeeNews) - North Macedonia's finance ministry said it will offer two issues of government securities worth a total of some 3.8 billion denars ($61.7 million/61.4 million euro) at an auction on November 15, the country's central bank said on Wednesday.

The ministry will offer 470 million denars worth of 15-years government bonds with a 5% coupon and 3.3 billion denars worth of one-year Treasury bills with a 2.90% interest rate, the central bank said in an auction announcement.

N. Macedonia to sell 3.8 bln denars (61.4 mln euro) of govt paper on Nov 15
Toshe Ognjanov/Shutterstock.com

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.

Amount (mln denars) Interest rate
15-year
T-bonds
470 5%

1-year T-Bills

3,310 2.90%

1-year T-Bills

(1 euro = 61.56 denars)

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