October 23 (SeeNews) - Serbia sold on Monday 19.8 billion dinars ($195 million/166 million euro) in seven-year Treasury notes, as it reopened an issue of government securities first auctioned on July 19, 2016, the finance ministry’s said.
The notes, which and mature on July 21, 2023, yielded 5%, down from 5.60% achieved in the previous auction of the issue held on July 25, 2017.
Demand for the T-notes was 41.1 billion dinars.
Details follow (in billion dinars):
|
Oct 23 |
July 25 |
Amount offered (bln dinars) |
19.8 |
27.2 |
Amount sold (bln dinars) |
19.8 |
7.4 |
Total bids placed (bln dinars) |
41.1 |
7.7 |
Bid-to-cover ratio |
2.08 |
1.04 |
Yield |
5.0% |
5.60% |
(1 euro = 119.266 dinars)