Serbia Sells 3.0 Bln Dinars (32.3 Mln Euro) in 3-mo T-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)