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Serbia to auction 9.4 bln dinars (80 mln euro) of 5-yr T-notes on Dec 10

Author Radomir Ralev
Serbia to auction 9.4 bln dinars (80 mln euro) of 5-yr T-notes on Dec 10 Hirurg/Shutterstock.com

BELGRADE (Serbia), December 6 (SeeNews) - Serbia's finance ministry said it will offer 9.4 billion dinars ($88.9 million/80 million euro) of five-year Treasury notes at an auction on December 10 in a reopening of the issue.

The T-notes will carry a coupon of 4.0% paid annually and will mature on February 7, 2024, the finance ministry said in a statement.

The finance ministry targets the sale of T-notes with a value of 5 billion dinars at the auction.

The Treasury notes were first auctioned on February 5 when the government sold securities with a par value of 10.6 billion dinars of the 20 billion dinars issue.

(1 euro = 117.540 dinars)

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