BELGRADE (Serbia), February 13 (SeeNews) – Serbia's finance ministry said on Tuesday it raised 11.6 billion dinars ($121 million/98 million euro) at an auction of five-year Treasury notes in a reopening of the issue, well below its target of 100.7 billion dinars.
The yield fell to 4.28%, slightly down from 4.3% at the previous auction of the issue held on January 23, the finance ministry said in a statement.
Demand for the government debt paper, which matures on January 25, 2023, totalled 13 billion dinars.
Details follow:
|
Feb 13 |
Jan 23 |
Amount offered (bln dinars) |
100.7 |
110.0 |
Amount sold (bln dinars) |
11.64 |
9.339 |
Total bids placed (bln dinars) |
13.0 |
28.349 |
Bid-to-cover ratio |
1.12 |
3.04 |
Yield |
4.28% |
4.3% |
(1 euro = 118.349 dinars)