Macedonias ministry of finance sells EUR 11.7mn of T-Bills, T-Bonds.

By bne IntelliNews July 24, 2012
The ministry of finance announced that it has sold combined MKD 720.5mn (EUR 11.7mn) of T-Bills and T-Bonds. The ministry offered and sold MKD 540.5mn of three-month T-Bills without foreign exchange clause. The yield on the issue was 4%, unchanged from the previous auction held on July 17. Banks bought 75.86% of the issue, and the remainder was purchased by bank clients. The ministry also reopened the auction for three-year T-Bonds maturing on July 5, 2015. The ministry offered and sold MKD 180mn of the bonds. The securities carry a coupon interest rate of 5.3% and were sold at a yield equal to this rate. The entire issue was purchased by bank clients.
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