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.

Related Articles

Kosovan opposition MPs release tear gas to stop vote on demarcation deal with Montenegro

MPs from Kosovan opposition party Vetevendosje (Self-Determination) released tear gas in the parliament on March 21 with the aim of stopping the vote on the ratification of a crucial border ... more

The Western Balkans needs the US, Serbian president says

Serbian President Aleksandar Vucic on March 14 stressed the importance of the US presence in the region, a controversial message given the opposition of many Serbs, especially the pro-Russian ... more

Freedom House keeps “partly free” status for Macedonia despite new government’s efforts

Macedonia was rated only “partly free” in the latest report from international watchdog Freedom House, the same almost all of the six Western Balkan countries, despite efforts by the ... more