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Serbia sells 11.6 bln dinars (98 mln euro) of 5-yr T-notes, yield drops - table

Serbia sells 11.6 bln dinars (98 mln euro) of 5-yr T-notes, yield drops - table Source: bibiphoto/shutterstock.com

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)

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