Macedonias central bank sells EUR 422.8mn of 28-day bills at regular auction.

By bne IntelliNews December 13, 2012
Macedonia's central bank said that it sold MKD 26bn (EUR 422.8mn) of 28-day central bank bills at a regular auction on Dec 12. The bills are used by the authority to manage the liquidity of the banking system. The institution offered and sold MKD 26bn of the securities, up from MKD 25.1bn offered and sold at the previous auction held on Nov 14. Yesterday, the demand totalled MKD 26.71bn, again exceeding the amount on offer (on Nov 14 the demand was MKD 27.14bn). The central bank has kept the maximum interest rate on the bills unchanged at 3.75%. The weighted average interest rate reached 3.73%, also unchanged from the previous auction. Presently, the outstanding amount of central bank bills is MKD 26bn, i.e. only the securities issued at the last auction. The next auction of central bank bills is scheduled for Jan 9, 2013.

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