April 19 (SeeNews) - Kosovo's finance ministry sold 14.97 million euro ($16 million) worth of two-year Treasury notes at an auction held on April 18, below its 20-million-euro target, it said on Friday.
The average weighted yield on the government securities came in at 3.94%, higher than 2.16% achieved at the previous auction of two-year T-notes held in March 2023, the finance ministry said in a data release.
The government securities will mature on April 19, 2024.
Details follow:
Auction date |
April 18 '24 |
March 10 ‘23 |
Amount offered (mln euro) |
20 |
30 |
Amount sold (mln euro) |
14.97 |
17.25 |
Total bids placed (mln euro) |
16.47 |
36.50 |
Bid-to-cover ratio |
1.1 |
2.12 |
Average weighted yield |
3.94% |
2.16% |
Coupon rate |
3.9% |
2.10% |
($=0.938 euro)