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.
|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|
(1 euro = 118.013 dinars)