BELGRADE (Serbia), August 14 (SeeNews) – Serbia's finance ministry said on Tuesday it sold 6.6 billion dinars ($63.8 million/55.9 million euro) of five-year dinar-denominated Treasury notes in a reopening of the issue.
The amount sold is 28.6% of the target, the finance ministry said in a statement.
The government securities were first auctioned on January 23, when the finance ministry raised 11.6 billion dinars, below its target of 110 billion dinars, at an average weighted yield of 4.28%.
The yield on Tuesday fell to 3.75% from 3.80% achieved in the latest auction of the issue, held on July 17.
Demand for the government debt paper, which matures on January 25, 2023, stood at 7.7 billion dinars.
Details follow (in billions of dinars):
|
August 14 |
July 17 |
Amount offered |
22.951 |
27.0 |
Amount sold |
6.562 |
4.058 |
Total bids placed |
7.662 |
10.335 |
Bid-to-cover ratio |
1.17 |
2.55 |
Yield |
3.75% |
3.80% |
Source: Finance Ministry
(1 euro = 117.988 dinars)