September 29 (SeeNews) - Serbia’s Finance Ministry said on Tuesday it sold out a 2.0 billion dinar ($31.3 million/21.5 million euro) offer of three-month Treasury bills.
The average accepted price in the auction was equal to 97% of par and the accepted interest rate was 12%, the ministry said in a statement posted on its website.
The ministry sold 300,000 T-bills with a nominal value of 10,000 dinars each, it added. The government securities will mature on December 29.
In the previous auction of three-month T-bills held on September 15 the ministry sold out its entire 3.0 billion dinar offer at an annual interest rate of 12.03%.
Serbia holds scheduled auctions of three-month T-bills every week on Tuesdays and of six-month T-bills on Thursdays. It skipped last week’s auction of three-month T-bills. It held its debut auction of 12-month T-bills last month with the next one scheduled for September 30.
The next auctions of six-month and three-month T-bills will be held on October 1 and October 6, respectively.
(1 euro=93.0091 Serbian dinars)