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. |
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