BELGRADE (Serbia), October 13 (SeeNews) – Serbia sold out its offer of 2.0 billion dinars ($31.6 million/21.3 million euro) of three-month Treasury bills at an average interest rate of 11.5%, down from 11.98% at last week’s auction, the Finance Ministry said on Tuesday.
The average accepted price in the auction was equal to 97% of par, the ministry said in a statement.
The ministry sold 200,000 T-bills with a nominal value of 10,000 dinars each, it added. The government securities will mature on January 12, 2010.
In the previous auction of three-month T-bills held on October 6, the ministry also sold 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 October 14, October 15, and October 20 respectively.
(1 euro= 93.0816 Serbian dinars)