BELGRADE (Serbia), May 27 (SeeNews) – Serbia's finance ministry said on Monday it sold above target 74.2 million euro ($83.1 million) of two-year euro-denominated Treasury notes in a reopening of the issue.
The yield on Monday fell to 0.84% from 1.0% achieved in the first auction of the issue, held on February 19, the finance ministry said in a statement.
Demand for the government debt paper, which matures on February 21, 2021, stood at 93.7 million euro. Serbia targeted to raise 50 million euro.
Details follow (in millions of euro):
|
May 27 |
February 19 |
Amount offered (mln euro) |
79.0 |
150.0 |
Amount sold (mln euro) |
74.2 |
71.0 |
Total bids placed (mln euro) |
93.7 |
71.0 |
Bid-to-cover ratio |
1.26 |
1.0 |
Yield |
0.84% |
1.0% |
($ = 0.893137 euro)