error: Content is protected !!
Serbia sells below-target 14.4 mln euro in 53-week T-bills, yield flat - Serbia Business

Serbia sells below-target 14.4 mln euro in 53-week T-bills, yield flat

, News

Serbia sold on Monday 14.4 million euro ($16.1 million euro) of 53-week Treasury bills in a reopening of the issue, well below its target of 26.9 million euro, the finance ministry said.

The yield settled at 0.55%, down from 0.78% achieved at the previous auction of the 50 million-euro issue, held on January 12, 2017, the ministry said in a statement.

Demand for the T-bills, which mature on January 22, 2018, totalled 15.5 million euro.

The sold government securities were equal to 53.72% of target.