Macedonia sells EUR 27.5mn of three-month T-Bills.

By bne IntelliNews June 14, 2011
Macedonia's finance ministry announced that it sold MKD 1.7bn (EUR 27.5mn) of two classes of three-month T-Bills. The ministry offered MKD 1.1bn of T-Bills without foreign exchange clause. The demand totalled MKD 970mn and an amount equal to the demand was sold. Banks bought 95.88% of the issue, while the remainder was purchased by bank clients. The yield on this class of T-Bills was 4.2%, unchanged from the auction held on June 7. The ministry also offered MKD 726.2mn of three-month T-Bills with EUR clause, and the entire amount on offer was sold. Banks bought 99.15% of the issue, while the remainder was purchased by bank clients. The yield on this class of T-Bills was 4.1%, unchanged from the auction held on May 23.

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