Serbia plans to auction EUR 342mn of debt paper in January 2013.

By bne IntelliNews January 4, 2013
Serbia plans to sell dinar-denominated debt paper worth a nominal RSD 35bn (EUR 312mn) and euro-denominated securities worth EUR 30mn in January 2013, the finance ministry's treasury department said in a statement. The ministry will issue dinar-denominated securities with maturities ranging from three months to five years. It will hold four auctions to sell the planned dinar-denominated debt paper in January. A fifth auction will be held on Jan 23, offering a EUR 30mn issue of euro-denominated three-year T-notes. In December 2012, the Treasury raised its debt sale target to EUR 478mn from initially announced EUR 249mn. It eventually sold RSD 30.4bn of dinar-denominated debt papers, or 80% of the final target, and EUR 107mn of euro-denominated securities, equal to 76.4% of the amount on offer. In 2012, the Treasury sold dinar-denominated securities worth RSD 323bn, or 54% of the target after placing RSD 311bn in 2011 (47% of target) and euro-denominated securities totalling EUR 662mn, or 78% of plan, vs. EUR 553mn in 2011 (65% of plan).
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