March 26 (SeeNews) - Serbia's finance ministry said it will offer 62.2 billion dinars ($649.7 million/523.8 million euro) of five-year Treasury notes at an auction on March 27 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 a subsequent auction of the same issue on March 13, the yield fell to 4.20%.
(1 euro = 118.704 dinars)