June 11 (SeeNews) - Serbia's finance ministry said it sold 5.1 billion dinars ($48.5 million/42.8 million euro) of three-year Treasury notes at an auction on June 11 in a reopening of the issue.
The average yield amounted to 3.39%, down from 3.63% on May 16, when the government sold securities with a par value of 13 billion dinars of the 100 billion dinars issue, the finance ministry said in a statement.
The T-notes carry a coupon of 3.75% paid annually and will mature on January 17, 2022.
The finance ministry targeted the sale of T-notes with a par value of 8.2 billion dinars at the auction.
Details follow:
|
June 11 |
May 16 |
Amount offered (bln dinars) |
8.182 |
21.163 |
Amount sold (bln dinars) |
5.122 |
12.981 |
Total bids placed (bln dinars) |
9.532 |
15.918 |
Bid-to-cover ratio |
1.86 |
1.23 |
Yield |
3.39% |
3.63% |
(1 euro = 119.071 dinars)