March 19 (SeeNews) - Serbia's finance ministry said it sold 11.3 billion dinars ($108.9 million/95.9 million euro) of three-year Treasury notes at an auction on March 19 in a reopening of the issue.
The average yield amounted to 3.69%, down from 3.73% on February 20, when the government sold securities with a par value of 42.2 billion dinars of the 100 billion dinars issue, the finance ministry said in a statement.
The T-notes carry a coupon of 3.75% paid annually and will mature on January 17, 2022.
The finance ministry targeted the sale of T-notes with a par value of 10 billion dinars at the auction.
Details follow:
|
Mar'19 |
Feb'20 |
Amount offered (bln dinars) |
39.53 |
81.717 |
Amount sold (bln dinars) |
11.363 |
42.187 |
Total bids placed (bln dinars) |
12.071 |
42.217 |
Bid-to-cover ratio |
1.06 |
1.0 |
Yield |
3.69% |
3.73% |
(1 euro = 118.236 dinars)