April 19 (SeeNews) - Serbia's finance ministry said it will offer 49.966 billion dinars ($523 million/423 million euro) of five-year Treasury notes at an auction on April 24 in a reopening of the issue.
The T-notes carry a coupon of 4.5% paid annually and will mature on January 25, 2023, the finance ministry said in a statement.
The government securities were first auctioned on January 23, when the finance ministry raised 11.6 billion dinars, below its target of 110 billion dinars, at an average weighted yield of 4.28%. In two subsequent auctions of the same issue on March 13 and March 27, the yield fell to 4.20% and 4.15%, respectively.
In the latest auction of the issue, held on April 10, the government raised 3.262 billion dinars at an average yield of 4.15%.
(1 euro = 118.105 dinars)