Home> ECONOMIC > Serbia sells 20.4 bln dinars (173 mln euro) of 10-yr T-notes, yield drops - table

Serbia sells 20.4 bln dinars (173 mln euro) of 10-yr T-notes, yield drops - table

  • Source:seenews.com
  • Date:2018-03-07 12:17
 

Serbia sells 20.4 bln dinars (173 mln euro) of 10-yr T-notes, yield drops - table

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BELGRADE (Serbia), March 7 (SeeNews) – Serbia's finance ministry said it raised on Tuesday 20.4 billion dinars ($214.8 million/172.9 million euro) of ten-year Treasury notes in a reopening of the issue, well below its target of 65.5 billion dinars.

The T-notes carry a coupon of 5.875% paid annually.

The yield fell to 5.20%, down from 5.29% at the previous auction of the issue, held on February 20, 2018, the finance ministry said in a statement.

Demand for the government debt paper, which matures on February 8, 2028, totalled 23.3 billion dinars.

Details follow:

Mar 7 Feb 20
Amount offered (bln dinars) 65.528 83.58
Amount sold (bln dinars) 20.357 18.052
Total bids placed (bln dinars) 23.282 24.178
Bid-to-cover ratio 1.14 1.34
Yield 5.20% 5.29%

(1 euro = 118.013 dinars)

  • Source:seenews.com
  • Date:2018-03-07 12:17
Key Words:dinars,billion,issue,February,finance
 
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