Serbia places EUR 8.7mn in fourth three-month T-bills sale for 2012, yield flat.

By bne IntelliNews September 14, 2012
Serbia sold RSD 1.02bn (EUR 8.7mn) worth of three-month Treasury bills on September 13, or 34% of the total on offer, as both yields and demand remained flat compared to a month earlier, the finance ministry's treasury department said in a statement. It was the ministry's fourth such auction for 2012 and the demand was equal to only 52.4% (RSD 1.57bn) of offer. The ministry sold a total of 102,093 securities at an annual discount rate of 12.99%. The securities mature on December 13, 2012. The treasury sold RSD 2.07bn worth of securities, or 51.7% of total, in its third three-month T-bills auction on August 16. The discount interest rate back then was 12.99% as well. The demand in the third auction equalled 51.86% of offer. The Treasury plans to sell dinar-denominated short-term debt worth a combined RSD 53bn in September, up by RSD 10bn from the initially announced for the month. Last month, it placed 78.5% of planned RSD 35.94bn dinar-denominated debt after cutting the target from initially announced RSD 45.3bn, and sold out EUR 40mn issue of euro-denominated securities. At its sole euro-denominated debt auction for September held earlier this week, Serbia managed to place EUR 42.2mn worth of euro-denominated 53-week T-notes, or 70.36% of total on offer.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss