BELGRADE (Serbia), November 18 (SeeNews) – Serbia's Finance Ministry said it sold out its offer of 2.0 billion dinars ($31.7 million/21.2 million euro) in three-month Treasury bills at an average interest rate of 10.1%, down from 10.3% in last week’s auction.
The average accepted price in the auction was equal to 98% of par, the ministry said in a statement late on Tuesday.
The ministry sold 200,000 T-bills with a nominal value of 10,000 dinars each, it added. The government securities will mature on February 16, 2010.
In the previous auction of three-month T-bills held on November 10, 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, six-month and three-month T-bills will be held on November 18, November 19, and November 24, respectively.
(1 euro=94.4602 Serbian dinars)