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Serbia sells 30.3 mln euro of 10-yr T-notes

Oct 9, 2019, 1:57:59 PMArticle by Radomir Ralev
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October 9 (SeeNews) - Serbia's finance ministry said it sold 10-year fixed-rate Treasury notes with a par value of 30.3 million euro ($33.3 million) at an auction on Wednesday, in line with target.

Serbia sells 30.3 mln euro of 10-yr T-notes
Gena96/Shutterstock.com

The euro-denominated government securities bear a coupon of 3.25%, the ministry said in a statement.

The ministry received bids for 81.2 million euro worth of government paper against 30.3 million euro on offer.

Coupon payments are due annually. The issue will mature on January 18, 2029.

The Treasury notes were first auctioned on January 17 when the government sold securities with a par value of 69.7 million euro of the 100 million euro issue.

($ = 0.91091 euro)

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