BELGRADE (Serbia), July 17 (SeeNews) – Serbia's finance ministry said on Tuesday it sold 4.1 billion dinars ($40.7 million/34.7 million euro) of five-year dinar-denominated Treasury notes in a reopening of the issue.
The amount sold is 15.02% of the target, the finance ministry said in a statement.
The government securities were first auctioned on January 23, when the finance ministry raised 11.6 billion dinars, below its target of 110 billion dinars, at an average weighted yield of 4.28%.
The yield on Tuesday fell to 3.80% from 3.99% achieved in the latest auction of the issue, held on May 22.
Demand for the government debt paper, which matures on January 25, 2023, stood at 10.3 billion dinars.
Details follow (in billions of dinars):
|
July 17 |
May 22 |
Amount offered |
27.0 |
34.977 |
Amount sold |
4.058 |
2.618 |
Total bids placed |
10.335 |
7.798 |
Bid-to-cover ratio |
2.55 |
2.98 |
Yield |
3.80% |
3.99% |
(1 euro = 118.036 dinars)