October 8 (SeeNews) - Serbia’s Finance Ministry said on Thursday it sold out its 2.0 billion dinar ($31.7 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%, the ministry said in a statement on its website.
The ministry sold 200,000 T-bills with a nominal value of 10,000 dinars each. The government securities will mature on April 8, 2010.
In the previous auction of six-month T-bills held on October 1 the ministry also sold its entire offer of 2.0 billion dinars worth of government securities, achieving 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 in August in a bid to narrow the country's yawning budget gap.
The next auctions of three-month and six-month T-bills will be held on October 13 and October 15, respectively.
(1 euro= 93.0870 dinars)