BELGRADE (Serbia), May 23 (SeeNews) – Serbia's finance ministry said on Thursday it sold below target 38.7 million euro ($43.1 million) of five-year euro-denominated Treasury notes in a reopening of the issue.
The yield came in at 1.70%, unchanged from the previous auction of the issue, held on April 22, the ministry said in a statement.
Demand for the government debt paper, which matures on January 31, 2024, stood at 38.7 million euro. Serbia targeted to raise 50 million euro.
Details follow (in millions of euro):
|
May 23 |
Apr 22 |
Amount offered |
38 |
189.832 |
Amount sold |
38.660 |
9.950 |
Total bids placed |
38.710 |
10.013 |
Bid-to-cover ratio |
1.0 |
1.0 |
Yield |
1.70% |
1.70% |
(1 euro = 117.968 dinars)