December 5 (SeeNews) - Serbia sold on Tuesday 50 million euro ($59.3 million) worth of 53-week Treasury bills, the finance ministry said.
The annual yield on the issue settled at 0.48%, below the 0.55% achieved at the previous auction of 53-week dinar-denominated T-bills held on August 30, the ministry said in a statement.
The government paper will mature on December 13, 2018.
Details of the last two auctions of Serbian 53-week T-bills follow:
| |
December 5 |
August 30 |
| Amount offered (mln euro) |
50.0 |
50.0 |
| Amount sold (mln euro) |
50.0 |
25.0 |
| Total bids placed (mln euro) |
77.0 |
30.62 |
| Bid-to-cover ratio |
1.54 |
1.22 |
| Yield |
0.48% |
0.55% |
($ = 0.842642 euro)