September 24 (SeeNews) - Serbia’s Finance Ministry said on Thursday it sold out its 2.0 billion dinar ($31.6 million/21.5 million euro) offer of six-month Treasury bills.
The average accepted price in the auction was equal to 94% of par and the accepted interest rate was 12.03%, 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 March 25, 2010.
In the previous auction of six-month T-bills held on September 17 the ministry also sold its entire offer of 2.0 billion dinars worth of government securities at an annual interest rate of 12.03%.
Serbia holds scheduled auctions of six-month T-bills every week on Thursdays and of three-month T-bills on Tuesdays. It started holding auctions of 12-month T-bills last month in a bid to narrow the yawning budget gap.
The next auctions of three-month and six-month T-bills will be held on September 29 and October 1, respectively.
(1 euro=93.2230 dinars)