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Serbia sells below-target 30 mln euro in 53-week T-bills - table

Serbia sells below-target 30 mln euro in 53-week T-bills - table Source: serbia.com

BELGRADE (Serbia), March 20 (SeeNews) - Serbia sold on Monday 30 million euro ($32.2 million) worth of 53-week Treasury bills, equal to 60.03% of its offer, the finance ministry said.

The annual yield on the issue fell to 0.74% from 0.78% achieved at the previous auction of 53-week dinar-denominated T-bills held on January 12, the ministry said in a statement.

The government paper will mature on March 28, 2018.

Details of the last two auctions of Serbian 53-week T-bills follow:

  March 20 January 12
Amount offered (mln euro) 50 50
Amount sold (mln euro) 30.014 22.949
Total bids placed (mln euro) 37.014 39.433
Bid-to-cover ratio 1.23 1.7
Yield 0.74% 0.78%

($ = 0.930334 euro)

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