BELGRADE (Serbia), July 12 (SeeNews) – Serbia sold on Wednesday 8.4 million euro ($9.6 million) in two-year euro-denominated Treasury notes, equal to 16.8% of its offer, the finance ministry said.
The yield on the T-notes settled at 1.04%, unchanged from the one achieved at a previous auction of a similar issue held on May 23, the ministry said in a statement.
Demand for the paper, which matures on July 14, 2019, stood at 12.4 million euro.
Details follow:
|
July 12 |
May 23 |
Amount offered (mln euro) |
50 |
50 |
Amount sold (mln euro) |
8.393 |
49.630 |
Total bids placed (mln euro) |
12.4 |
49.630 |
Bid-to-bid cover ratio |
1.48 |
1.0 |
Yield |
1.04% |
1.04% |
($ = 0.873637 euro)