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Kosovo sells 20 mln euro of 2-yr T-notes – table

Kosovo sells 20 mln euro of 2-yr T-notes – table Gena96/

PRISTINA (Kosovo), August 14 (SeeNews) – Kosovo's finance ministry said it sold 20 million euro ($22.4 million) worth of two-year Treasury notes at an auction held on August 13, in line with target.

The average weighted yield on the government securities fell to 1.08%, from 1.22% at the previous auction of two-year T-notes held in June, according to figures posted on the website of Kosovo's finance ministry on Tuesday.

Details follow:

Auction date Aug 13 June 28
Amount offered (mln euro) 20 25
Amount sold (mln euro) 20 25
Total bids placed (mln euro) 42.8 34.1
Bid-to-cover ratio 2.1 1.4
Maximum accepted yield 1.14% 1.49%
Minimum accepted yield 1.00% 1.00%
Average weighted yield 1.08% 1.22%

($=0.89350 euro)