BELGRADE (Serbia), December 11 (SeeNews) – Serbia's finance ministry sold below target 3.7 billion dinars ($34.9 million/31.5 million euro) of five-year euro-denominated Treasury notes in a reopening of the issue on Tuesday.
The yield came in at 2.25%, down from 4.0% at the previous auction of the issue, held on February 5, the ministry said in a statement.
Demand for the government debt paper, which matures on February 7, 2024, stood at 7.6 billion dinars. Serbia targeted to sell notes worth 5 billion dinars.
Details follow (in billions of dinars):
|
Dec 11 |
Feb 5 |
Amount offered |
9.417 |
20.0 |
Amount sold |
3.745 |
10.583 |
Total bids placed |
7.626 |
13.534 |
Bid-to-cover ratio |
2.04 |
1.28 |
Yield |
2.25% |
4.0% |
(1 euro = 117.496 dinars)