BELGRADE (Serbia), November 10 (SeeNews) – Serbia's Finance Ministry said on Tuesday it sold its entire offer of 2.0 billion dinars ($31.9 million/21.3 million euro) in three-month Treasury bills at an average interest rate of 10.3%, down from 11.10% in last week’s auction.
The average accepted price in Tuesday's 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 February 9, 2010.
In the previous auction of three-month T-bills held on November 3, 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 11, November 12, and November 17, respectively.
(1 euro=94. 0659 Serbian dinars)