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Macedonia to sell 1.6 bln denars (25.7 mln euro) of govt paper on Feb 12

Macedonia to sell 1.6 bln denars (25.7 mln euro) of govt paper on Feb 12 Toshe Ognjanov/Shutterstock.com

SKOPJE (Macedonia), February 11 (SeeNews) – Macedonia will offer two issues of government securities worth a total of 1.6 billion denars ($29.3 million/25.7 million euro) at an auction on February 12, according to notices posted on the website of the country's central bank, NBRM.

The offer comprises 1.1 billion denars of one-year Treasury bills and 500 million denars of 5-year Treasury notes.

NBRM will sell the government securities on behalf of the finance ministry through a volume tender, in which the price and coupon are set in advance and primary dealers bid only with amounts.

Details on the issues follow:

  Amount (mln denars) Coupon
1-year 1,100 0.80%
5-year 500 1.30%

(1 euro= 60.99 denars)

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