BELGRADE (Serbia), November 20 (SeeNews) – Serbia sold on Monday 24.8 million euro ($29.2 million) of three-year Treasury notes, well below its target of 50 million dinars, the finance ministry said.
The yield settled at 1.75%, down from the 1.85% rate at the previous auctions of euro-denominated three-year Treasury notes, held on September 22, the ministry said in a statement.
Demand for the T-notes, which mature on November 22, 2020, totalled 34.9 million euro.
The sold government securities were equal to 49.70% of target.
Details follow:
|
Nov 20 |
Sep 22 |
Amount offered |
50 |
50 |
Amount sold |
24.848 |
50 |
Total bids placed |
34.879 |
75.021 |
Bid-to-cover ratio |
1.40 |
1.50 |
Yield |
1.75% |
1.85% |
($ = 0.84868 euro)