BELGRADE (Serbia), November 26 (SeeNews) – Serbia’s Finance Ministry said on Thursday it sold its entire offer of 2.0 billion dinars ($31.6 million/21.1 million euro) of six-month Treasury bills at an average interest rate of 10.6%, down from 10.9% in last week’s auction.
The average accepted price in Thursday's auction was equal to 95% 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 government securities will mature on May 27, 2010.
In the previous auction of six-month T-bills held on November 19 the ministry also sold its entire offer of 2.0 billion dinars worth of government securities.
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 three-month, 12-month and six-month T-bills will be held on December 1, December 2, and December 3 respectively.
(1 euro = 94.8438 dinars)