Serbia sold RSD 9.24bn (EUR 78.6mn) worth of 53-week Treasury notes on September 5, or 92.4% of total on offer, the finance ministry’s treasury department said in a statement. Investors bought 923,530 securities at an annual yield of 14.59%, up from 14.35% in the previous 53-week T-notes auction held on July 31. The newly sold T-notes mature on September 13, 2013. Demand totalled RSD 9.24bn, up from RSD 7.34bn in the previous auction when the ministry sold RSD 2.48bn worth of 53-week T-note, some 22.3% of total offer.
The Treasury plans to sell dinar-denominated short-term debt worth a combined RSD 43bn in September. Last month, it placed 78.5% of planned RSD 35.94bn dinar-denominated debt after cutting the target from previously announced RSD 45.3bn, and sold out EUR 40mn issue of euro-denominated securities. At its sole euro-denominated debt auction for September held earlier this week, Serbia managed to place EUR 42.2mn worth of euro-denominated 53-week T-notes, or 70.36% of total on offer.
Source Balkans
