BELGRADE (Serbia), November 6 (SeeNews) – Serbia sold on Monday 14.7 billion dinars ($143.8 million/124.1 million euro) of three-year Treasury notes in a reopening of the issue, well below its target of 38.8 billion dinars, the finance ministry said.
The yield settled at 4.29%, down from the 4.8% rate at the previous auctions of the issue, held on August 31, the ministry said in a statement.
Demand for the T-notes, which mature on April 5, 2020, totalled 18.5 billion dinars.
The sold government securities were equal to 37.92% of target.
Details follow (in billions of dinars):
|
November 6 |
August 31 |
Amount offered (bln dinars) |
38.757 |
53.908 |
Amount sold (bln dinars) |
14.695 |
15.151 |
Total bids placed (bln dinars) |
18.497 |
17.248 |
Bid-to-cover ratio |
1.26 |
1.14 |
Yield |
4.29% |
4.8% |
(1 euro = 118.497 dinars)