Serbia Sells 2.0 Bln Dinars (21.5 Mln Euro) in 12-mo T-bills

The average accepted price in the auction was equal to 89% of par and the accepted interest rate was 12.39%, 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 September 29, 2010.

In the previous auction of 12-month T-bills held on September 23 the ministry sold its entire offer of 1.0 billion dinars worth of government securities at an annual interest rate of 12.40%.

Serbia held its debut auction of 12-month T-bills on August 26.

(1 euro= 93.0862 Serbian dinars)