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Serbia sells 3.7 bln dinars (32 mln euro) of 5-yr T-notes, yield falls - table

Author Radomir Ralev
Serbia sells 3.7 bln dinars (32 mln euro) of 5-yr T-notes, yield falls - table Source: Statistical Office of the Republic of Serbia

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
Amount offered 9.417 20.0
Amount sold 3.745 10.583
Total bids placed 7.626 13.534
Bid-to-cover ratio 2.04 1.28
Yield 2.25% 4.0%

(1 euro = 117.496 dinars)

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