April 23 (SeeNews) - Serbia's finance ministry said it sold 7.1 billion dinars ($67.7 million/60.2 million euro) of three-year Treasury notes at an auction on April 23 in a reopening of the issue.
The average yield amounted to 3.68%, down from 3.69% on March 19, when the government sold securities with a par value of 11.3 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 billion dinars at the auction.
Details follow:
|
April 23 |
March 19 |
Amount offered (bln dinars) |
28.259 |
39.53 |
Amount sold (bln dinars) |
7.096 |
11.363 |
Total bids placed (bln dinars) |
7.096 |
12.071 |
Bid-to-cover ratio |
1.0 |
1.06 |
Yield |
3.68% |
3.69% |
(1 euro = 118.003 dinars)