BELGRADE (Serbia), June 13 (SeeNews) – Serbia sold on Tuesday 7.2 billion dinars ($65.9 million/58.8 million euro) of two-year Treasury notes in a reopening of the issue, well below its target of 14 billion dinars, the finance ministry said.
The yield settled at 4.65%, the same as the one achieved at the previous auction of the 25 billion-dinar issue, held on May 16, 2017, the ministry said in a statement.
Demand for the T-notes, which mature on May 18, 2019, totalled 7.3 billion dinars.
The sold government securities were equal to 51.56% of target.
Details follow (in billions of dinars):
|
June 13 |
May 16 |
Amount offered (bln dinars) |
14.0 |
25.0 |
Amount sold (bln dinars) |
7.225 |
10.987 |
Total bids placed (bln dinars) |
7.325 |
11.437 |
Bid-to-cover ratio |
1.01 |
1.04 |
Yield |
4.65 |
4.65 |
(1 euro = 122.434 dinars)