BELGRADE (Serbia), August 2 (SeeNews) – Serbia sold on Wednesday 8.2 billion dinars ($80.9 million/68.4 million euro) of three-year Treasury notes in a reopening of the issue, well below its target of 62.1 billion dinars, the finance ministry said.
The yield settled at 4.9%, down from the 5.0% rate at the previous auctions of the issue, held on April 3, April 11, May 4 and July 6, the ministry said in a statement.
Demand for the T-notes, which mature on April 5, 2020, totalled 11.3 billion dinars.
The sold government securities were equal to 13.15% of target.
Details follow (in billions of dinars):
|
August 2 |
July 6 |
Amount offered (bln dinars) |
62.1 |
72.2 |
Amount sold (bln dinars) |
8.2 |
10.1 |
Total bids placed (bln dinars) |
11.3 |
10.3 |
Bid-to-cover ratio |
1.38 |
1.02 |
Yield |
4.9% |
5.0% |
(1 euro = 119.869 dinars)