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)