April 10 (SeeNews) - Serbia sold on Wednesday 7.5 billion dinars ($71.7 million/63.6 million euro) worth of seven-year Treasury notes, below its target of 10 billion dinars, the finance ministry said.
The average yield amounted to 4.52%, down from 4.54% achieved on March 5, when the government sold securities with a par value of 5.8 billion dinars of the 150 billion dinars issue, the finance ministry said in a statement.
The T-notes will carry a coupon of 4.5% paid annually and will mature on January 11, 2026.
Details follow:
|
Apr 10 |
Mar 5 |
Amount offered (bln dinars) |
107.529 |
113.375 |
Amount sold (bln dinars) |
7.542 |
5.846 |
Total bids placed (bln dinars) |
8.242 |
7.410 |
Bid-to-cover ratio |
1.09 |
1.27 |
Yield |
4.52% |
4.54% |
(1 euro = 117.983 dinars)