BELGRADE (Serbia), October 22 (SeeNews) – Serbia’s Finance Ministry said on Thursday it sold its entire offer of 2.0 billion dinars ($32.1 million/21.5 million euro) of six-month Treasury bills at an average interest rate of 11.65%, down from 11.80% in last week’s auction.
The average accepted price in Thursday's auction was equal to 94% of par, 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 April 22, 2010.
In the previous auction of six-month T-bills held on October 15 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.
(1 euro = 93.2048 dinars)