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Serbia sells 200,000 euro of 2025 T-notes

Sep 23, 2020, 1:39:29 PMArticle by Radomir Ralev
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BELGRADE (Serbia), September 23 (SeeNews) – Serbia's finance ministry sold 200,000 euro ($234,300) of five-year Treasury bonds on Wednesday in a reopening of the issue.

Serbia sells 200,000 euro of 2025 T-notes
Gena96/Shutterstock.com

The yield came in at 1.0%, down from the 1.1% achieved at the previous auction of the 100 million euro issue, held on March 18, the ministry said in a statement.

Demand for the government debt paper, which matures on March 20, 2025, stood at 5.2 million euro.

Details follow:

  Sept 23 Mar 18
Amount offered (mln euro) 95.594 100.0
Amount sold (mln euro) 0.200 4.400
Total bids placed (mln euro) 5.200 4.400
Bid-to-cover ratio 26.0 1.0
Yield 1.0% 1.1%

($ = 0.853725 euro)

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