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Sep 01, 2009 19:44 EEST
September 1 (SeeNews) - Serbia’s Finance Ministry said on Tuesday it sold out a 3.0 billion dinar ($45.9 million/32.3 million euro) offer of three-month Treasury bills.
The average accepted price in the auction was equal to 97% of par and the accepted interest rate was 12.05%, the ministry said in a statement posted on its website.
The ministry sold 300,000 T-bills with a nominal value of 10,000 dinars each, it added. The government securities will mature on December 1.
In the previous auction of three-month T-bills held on August 25 the ministry sold out its entire 5.0 billion dinar offer at an annual interest rate of 12.15%.
Serbia holds scheduled auctions of three-month T-bills every week on Tuesdays and of six-month T-bills on Thursdays. It held its debut auction of 12-month T-bills last Wednesday.
The next auctions of six-month and three-month T-bills will be held on September 3 and September 8 , respectively.
(1 euro=92.9338 Serbian dinars)
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