BELGRADE (Serbia), October 16 (SeeNews) – Serbia’s Finance Ministry said it has sold its entire offer of 2.0 billion dinars ($32 million/21.5 million euro) of six-month Treasury bills at an average interest rate of 11.8%, down from 12% at last week’s auction.
The average accepted price in the auction was equal to 94%, the ministry said in a statement on its website late on Thursday.
The ministry sold 200,000 T-bills with a nominal value of 10,000 dinars each. The government securities will mature on April 14, 2010.
In the previous auction of six-month T-bills held on October 8 the ministry also sold its entire offer of 2.0 billion dinars worth of government securities.
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 three-month, 12-month and six-month T-bills will be held on October 20, October 21, and October 22 respectively.
(1 euro= 93.2018 dinars)