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Serbia sells 9.95 mln euro of 5-yr T-notes, yield falls - table

Author Radomir Ralev
Serbia sells 9.95 mln euro of 5-yr T-notes, yield falls - table Gena96/Shutterstock.com

BELGRADE (Serbia), April 22 (SeeNews) – Serbia's finance ministry said on Monday it sold below target 9.95 million euro ($11.2 million) of five-year euro-denominated Treasury notes in a reopening of the issue.

The yield came in at 1.70%, down from 1.74% at the previous auction of the issue, held on February 27, the ministry said in a statement.

Demand for the government debt paper, which matures on January 31, 2024, stood at 10 million euro. Serbia targeted to raise 50 million euro.

Details follow (in millions of euro):

  Apr 22 Feb 27
Amount offered 189.832 208.752
Amount sold 9.950 18.92
Total bids placed 10.013 18.938
Bid-to-cover ratio 1.0 1.0
Yield 1.70% 1.74%

($ = 0.88876 euro)

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