February 2 (SeeNews) - North Macedonia's finance ministry said it will offer to investors two issues of fixed-rate government securities worth 1.7 billion denars ($30.1 million/27.4 million euro) in total on February 7.
The ministry will offer 1.2 billion denars worth of one-year Treasury bills bearing 3.7% interest, and 450 million denars worth of 15-year Treasury bonds with a 5.6% coupon at two separate auctions, the central bank said in a statement on Wednesday.
The central bank 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.
Type |
Amount (mln denars) |
Interest rate |
1-Year T-Bills
|
1,245 |
3.7% |
15-Years
T-bonds |
450 |
5.6% |
1-Year T-Bills
(1 euro = 61.85 denars)