BELGRADE (Serbia), October 20 (SeeNews) – Serbia sold out an offer of 2.0 billion dinars ($32 million/21.5 million euro) in three-month Treasury bills at an average interest rate of 11.23%, down from 11.5% 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 19, 2010.
In the previous auction of three-month T-bills held on October 13, 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 October 21, October 22, and October 27, respectively.
(1 euro=93.1660 Serbian dinars)