BELGRADE (Serbia), June 18 (SeeNews) – Serbia's finance ministry said on Tuesday it raised 53.2 million euro ($59.6 million) from the sale of three-year euro-denominated Treasury notes, below its target of 110.8 million euro.
The sold securities are part of a 200 million euro issue initially offered for sale in January, the finance ministry said in a statement.
On Tuesday, the yield on the issue fell to 1.15% from 1.25% at the January auction, the statement said.
The demand for the T-notes, which will mature on January 25, 2022, also totalled 53.2 million euro.
Details follow (in millions of euro):
|
June 18 |
January 23 |
Amount offered |
110.779 |
200.0 |
Amount sold |
53.224 |
64.202 |
Total bids placed |
53.224 |
73.202 |
Bid-to-cover ratio |
1.0 |
1.14 |
Yield |
1.15% |
1.25% |
($=0.8932 euro)