August 6 (SeeNews) - Serbia sold on Tuesday 7.2 billion dinars ($68.4 million/61.2 million euro) worth of seven-year Treasury notes, below its target of 15 billion dinars, the finance ministry said.
The average yield amounted to 3.5%, down from 4.37% achieved at the last auction held on June 4, when the government sold securities with a par value of 13.4 billion dinars of the 26.7 billion dinars issue, the finance ministry said in a statement.
The T-notes carry a coupon of 4.5% paid annually and will mature on January 11, 2026.
Details follow:
|
Aug 6 |
June 4 |
Amount offered (bln dinars) |
36.810 |
86.560 |
Amount sold (bln dinars) |
7.179 |
26.704 |
Total bids placed (bln dinars) |
8.679 |
38.614 |
Bid-to-cover ratio |
1.21 |
1.45 |
Yield |
3.5% |
4.37% |
(1 euro = 117.707 dinars)