October 7 (SeeNews) - Serbia’s Finance Ministry said on Wednesday it sold its entire offer of 1.0 billion dinars ($15.8 million/10.7 million euro) of 12-month Treasury bills issued to finance budget deficit.
The average accepted price in the auction was equal to 89% of par and the accepted interest rate was 12.45%, the ministry said in a statement.
The ministry sold 100,000 T-bills with a nominal value of 10,000 dinars each. The government securities will mature on October 6, 2010.
In the previous auction of 12-month T-bills held on September 30 the ministry sold its entire offer of 2.0 billion dinars worth of government securities at an annual interest rate of 12.39%.
Serbia held its debut auction of 12-month T-bills on August 26.
(1 euro= 93.0818 Serbian dinars)