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BELGRADE (Serbia), December 11 (SeeNews) – Serbia's finance ministry sold below target 3.7 billion dinars ($34.9 million/31.5 million euro) of five-year euro-denominated Treasury notes in a reopening of the issue on Tuesday.
The yield came in at 2.25%, down from 4.0% at the previous auction of the issue, held on February 5, the ministry said in a statement.
Demand for the government debt paper, which matures on February 7, 2024, stood at 7.6 billion dinars. Serbia targeted to sell notes worth 5 billion dinars.
Details follow (in billions of dinars):
|Dec 11||Feb 5|
|Total bids placed||7.626||13.534|
(1 euro = 117.496 dinars)