BELGRADE (Serbia), March 12 (SeeNews) – Serbia's finance ministry said on Tuesday it sold below target 25 million euro ($28.1 million) of three-year euro-denominated Treasury notes in a reopening of the issue.
The yield came in at 1.25%, the same as the one at the previous auction of the issue, held on January 23, the ministry said in a statement.
Demand for the government debt paper, which matures on January 25, 2022, stood at 25 million euro. Serbia targeted to raise 50 million euro.
Details follow (in millions of euro):
|
Mar 12 |
Jan 23 |
Amount offered |
135.798 |
200.0 |
Amount sold |
25.019 |
64.202 |
Total bids placed |
25.034 |
73.202 |
Bid-to-cover ratio |
1.0 |
1.14 |
Yield |
1.25% |
1.25% |
($ = 0.888235 euro)