BELGRADE (Serbia), November 5 (SeeNews) – Serbia’s Finance Ministry said on Thursday it sold its entire offer of 2.0 billion dinars ($31.7 million/21.3 million euro) of six-month Treasury bills at an average interest rate of 11.4%, down from 11.5% 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.
The ministry sold 200,000 T-bills with a nominal value of 10,000 dinars each. The government securities will mature on May 6, 2010.
In the previous auction of six-month T-bills held on October 29 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 November 10, November 11, and November 12 respectively.
(1 euro = 93.9762 dinars)