Macedonias central bank sells EUR 389.5mn of 28-day bills at regular auction.

By bne IntelliNews February 14, 2013
Macedonia's central bank said that it offered and sold MKD 24.02bn (EUR 389.5mn) of 28-day central bank bills at a regular auction on Feb 13. The bills are used by the authority to manage the liquidity of the banking system. The central bank offered MKD 24.02bn of the securities, equal to the amount sold at the previous auction (held on Jan 9) and maturing yesterday, Feb 13. Yesterday, the demand totalled MKD 26.55bn and the entire amount on offer was sold. The maximum interest rate on the securities was kept at 3.5%. The weighted average interest rate was 3.48% yesterday, down from 3.49% at the previous auction. Presently, the outstanding amount of central bank bills is MKD 24.02bn, i.e. only the securities issued at the last auction. The next auction of central bank bills is scheduled for Mar 13, 2013.

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