BELGRADE (Serbia), June 22 (SeeNews) –Serbia sold on Thursday 5.2 billion dinars ($47.7 million/42.7 million euro) worth of two-year dinar-denominated Treasury notes, equal to 52.25% of its offer, the finance ministry said.
The yield settled at 0.25 of a percentage point above the 4.0% reference interest rate of Serbia's central bank, the NBS, down from the 4.65% achieved at the previous auction of two-year dinar denominated Treasury notes held on June 13, the ministry said in a statement.
Demand for the T-notes, which mature on June 26, 2019, totalled 6.1 billion dinars.
Details follow (in billions of dinars):
|
June 22 |
June 13 |
Amount offered (bln dinars) |
10.0 |
14.0 |
Amount sold (bln dinars) |
5.225 |
7.225 |
Total bids placed (bln dinars) |
6.127 |
7.325 |
Bid-to-cover ratio |
1.17 |
1.01 |
Yield |
4.0% + 0.25 pp |
4.65% |
(1 euro = 121.788 dinars)