Macedonia’s finance ministry sold MKD 170mn (EUR 2.8mn) in five-year bonds with a foreign exchange clause at an auction on April 23. The coupon on the bonds, maturing on April 25, 2018, fell to 4.90% from 5.51% at the previous auction held on April 2.
The sold amount accounted for 61.8% of the amount on offer. Demand weakened to MKD 170mn from MKD251.8mn at the April 2 auction when MKD 251.8mn of the bonds were sold, in line with the offer.
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