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Serbia sells below target 7.4 bln dinars (63 mln euro) of 5-yr T-notes

Author Radomir Ralev
Serbia sells below target 7.4 bln dinars (63 mln euro) of 5-yr T-notes Source: Statistical Office of the Republic of Serbia

BELGRADE (Serbia), February 4 (SeeNews) – Serbia's finance ministry sold below target 7.4 billion dinars ($69.6 million/62.9 million euro) of five-year dinar-denominated Treasury notes in a reopening of the issue on Tuesday.

The yield came in at 2.6%, the same as the yield achieved at the previous auction of the issue, held on January 28, the ministry said in a statement.

Demand for the government debt paper, which matures on July 30, 2025, stood at 8.1 billion dinars. Serbia targeted to sell notes worth 10 billion dinars.

Details follow (in billions of dinars):

  Feb 4 Jan 28
Amount offered 87.722 100.0
Amount sold 7.416 12.529
Total bids placed 8.116 19.651
Bid-to-cover ratio 1.09 1.57
Yield 2.6% 2.6%

(1 euro = 117.593 dinars)

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