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Serbia sells 19.3 bln dinars (164 mln euro) of 12-yr T-bonds

Author Iskra Pavlova
Serbia sells 19.3 bln dinars (164 mln euro) of 12-yr T-bonds Source: Statistical Office of the Republic of Serbia

BELGRADE (Serbia), February 18 (SeeNews) – Serbia's finance ministry said on Tuesday it sold below target 19.3 billion dinars ($178 million/164 million euro) of 12-and-a-half-year Treasury bonds.

The securities are part of a 100 billion dinars issue, the ministry said in a statement.

Their market value stood at 21.45 billion dinars, with an average single price of 11,112.59 dinars, the ministry said.

The yield came in at 3.40%, while the annual coupon was set at 4.50%, it added.

Demand for the Treasury notes, which will mature on August 20, 2032, totalled 73.7 billion dinars.

This was the ministry's first issue with such maturity for 2020.

(1 euro = 117.539 dinars)

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