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Serbia Sells 1.0 Bln Dinars (10.4 Mln Euro) in 12-mo T-bills, Yields Flat

Dec 16, 2009, 5:51:49 PMArticle by Vera Ovanin
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December 16 (SeeNews) - Serbia's Finance Ministry said on Wednesday it sold its entire offer of 1.0 billion dinars ($15.1 million/10.4 million euro) of 12-month Treasury bills at an average interest rate of 11%, flat from last week's auction.

Serbia Sells 1.0 Bln Dinars (10.4 Mln Euro) in 12-mo T-bills, Yields Flat

The ministry sold 100,000 T-bills with a nominal value of 10,000 dinars each, it said in a statement. The ministry did not disclose the average accepted price in the auction.

The government securities will mature on December 15, 2010.

In the previous auction of 12-month T-bills held on December 9 the ministry also sold its entire offer of 1.0 billion dinars worth of government securities.

Serbia holds scheduled auctions of three-month T-bills every week on Tuesdays, of 12-month T-bills on Wednesdays and of six-month T-bills on Thursdays.

The next auctions of six-month, three-month and 12-month T-bills will be held on December 17, December 22, and December 23, respectively.

Serbia held its debut auction of 12-month T-bills in August, aiming to bridge its yawning budget gap.

(1 euro= 96.4444 Serbian dinars)

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