December 10 (SeeNews) - Serbia's Finance Ministry said it has sold its entire offer of 1.0 billion dinars ($15.4 million/10.4 million euro) of 12-month Treasury bills at an average interest rate of 11%, flat from last week's auction.
The ministry sold 100,000 T-bills with a nominal value of 10,000 dinars each, it said in a statement issued late on Wednesday. The ministry did not disclose the average accepted price in the auction.
The government securities will mature on December 8, 2010.
In the previous auction of 12-month T-bills held on December 2 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.
Serbia held its debut auction of 12-month T-bills in August, aiming to bridge its yawning budget gap.
(1 euro= 95.9201 Serbian dinars)