BELGRADE (Serbia), June 20 (SeeNews) – Serbia's finance ministry said on Thursday it sold below target 42.6 million euro ($48.2 million) of five-year euro-denominated Treasury notes in a reopening of the issue.
The yield came in at 1.48%, down from 1.70% achieved in the previous auction of the issue, held on May 23, the ministry said in a statement.
Demand for the government debt paper, which matures on January 31, 2024, stood at 60.3 million euro. Serbia targeted to raise 89 million euro.
Details follow (in millions of euro):
|
June 20 |
May 23 |
Amount offered |
141.222 |
179.882 |
Amount sold |
42.597 |
38.660 |
Total bids placed |
60.312 |
38.710 |
Bid-to-cover ratio |
1.42 |
1.0 |
Yield |
1.48% |
1.70% |
($ = 0.884479 euro)