Kosovo sells out EUR 20mn worth of 6-mo T-bills, yields down

By bne IntelliNews May 22, 2013

Kosovo sold out a EUR 20mn issue of six-month T-bills earlier this week, the finance ministry said on Wednesday, May 22.

The debt auction, which took place on May 21, attracted a relatively smaller amount of bids - EUR 30.4mn, compared to EUR 58.8mn in the previous such auction held on March 19 when the finance ministry sold out a EUR 24mn issue of six-month T-bills. The lower demand pushed down the coverage ratio to 1.52 from 2.45.

However, the average yield dropped to 0.9449% from 1.052% in the March auction.

The next debt auction is planned for June 11 when Kosovo will offer 91-day T-bills worth EUR 10mn.

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