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Serbia to auction 39.5 bln dinars (335 mln euro) of 3-yr T-notes on Mar 19

Author Radomir Ralev
Serbia to auction 39.5 bln dinars (335 mln euro) of 3-yr T-notes on Mar 19 Source: EPS

BELGRADE (Serbia), March 15 (SeeNews) - Serbia's finance ministry said it will offer 39.53 billion dinars ($379 million/335 million euro) of three-year Treasury notes at an auction on March 19 in a reopening of the issue.

The T-notes will carry a coupon of 3.75% paid annually and will mature on January 17, 2022, the finance ministry said in a statement.

The finance ministry targets the sale of T-notes with a par value of 10 billion dinars at the auction.

The Treasury notes were first auctioned on January 15 when the government sold securities with a par value of 18.283 billion dinars of the 100 billion dinars issue. Back then, the notes yielded 3.73%. On February 20, the government raised 42.2 billion dinars in a reopening of the issue, at an average yield of 3.73%.

(1 euro = 118.118 dinars)

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