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Serbia sells 38.7 mln euro of 5-yr T-notes, yield falls - table

Author Radomir Ralev
Serbia sells 38.7 mln euro of 5-yr T-notes, yield falls - table Bragin Alexey/Shutterstock.com

BELGRADE (Serbia), May 23 (SeeNews) – Serbia's finance ministry said on Thursday it sold below target 38.7 million euro ($43.1 million) of five-year euro-denominated Treasury notes in a reopening of the issue.

The yield came in at 1.70%, unchanged from the previous auction of the issue, held on April 22, the ministry said in a statement.

Demand for the government debt paper, which matures on January 31, 2024, stood at 38.7 million euro. Serbia targeted to raise 50 million euro.

Details follow (in millions of euro):

  May 23 Apr 22
Amount offered 38 189.832
Amount sold 38.660 9.950
Total bids placed 38.710 10.013
Bid-to-cover ratio 1.0 1.0
Yield 1.70% 1.70%

(1 euro = 117.968 dinars)

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