BELGRADE (Serbia), December 22 (SeeNews) – Serbia's Finance Ministry said on Tuesday it sold out its offer of 2.0 billion dinars ($29.7 million/20.7 million euro) in three-month Treasury bills at an average interest rate of 10.08%, flat from last week’s auction.
The average accepted price in the auction was equal to 98% of par, the ministry said in a statement posted on its website.
The ministry sold 200,000 T-bills with a nominal value of 10,000 dinars each, the statement said. The government securities will mature on March 23, 2010.
In the previous auction of three-month T-bills held on December 15, the ministry also sold out its entire 2.0 billion dinar offer.
Serbia holds scheduled auctions of three-month T-bills every week on Tuesdays, of 12-month T-bills on Wednesdays and of six-month T-bills on Thursdays.
The next auctions of 12-month T-bills, six-month and three-month T-bills will be held on December 23, December 24 and December 29, respectively.
(1 euro=96.4547 Serbian dinars)