BELGRADE (Serbia), April 20 (SeeNews) –Serbia's finance ministry said on Friday it raised 27 million euro ($33.2 million) from the sale of three-year Treasury notes, below its target of 75 million euro.
The yield on the issue fell to 1.20%, down from 1.29% at the previous auction of euro-denominated three-year Treasury notes held on February 2, the finance ministry said in a statement.
Demand for the T-notes, which will mature on April 24, 2021, totalled 28 million euro.
Details follow (in millions of euro):
|
April 20 |
February 2 |
Amount offered |
75.0 |
50.0 |
Amount sold |
26.972 |
50.0 |
Total bids placed |
27.972 |
107.507 |
Bid-to-cover ratio |
1.04 |
2.15 |
Yield |
1.20% |
1.29% |
($ = 0.812854 euro)