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Dec 29, 2009 16:46 EEST
BELGRADE (Serbia), December 29 (SeeNews) – Serbia's Finance Ministry said on Tuesday it sold out its offer of 2.0 billion dinars ($30 million/20.8 million euro) in three-month Treasury bills at an average interest rate of 10%, down from 10.08% achieved last week.
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 30, 2010.
In the previous auction of three-month T-bills held on December 22, the ministry also sold out its entire offer of 2.0 billion dinars.
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 30, December 31 and January 5, respectively.
(1 euro=96.2604 Serbian dinars)
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