Serbia sells 4.23 bln dinars (37.3 mln euro) in 3-yr T-notes

The government offered 10 billion dinars in Treasury notes.

A total of 423,050 treasury notes were sold at an annual yield of 13.95%, the finance ministry’s treasury department said in a statement. The issuance carries an annual coupon of 10%.

The government paper will mature on December 6, 2015.

(1 euro = 113.3802 Serbian dinars)