Serbia sells EUR 26.8mn of 53-week T-notes, yields drop.

By bne IntelliNews November 28, 2012
Serbia sold RSD 3bn (EUR 26.8mn) worth of 53-week Treasury notes on November 27, or 30% of total on offer, the finance ministry's Treasury department said in a statement. Investors bought the securities at an annual yield of 12.49%, down from 13.99% in the previous 53-week T-notes auction held on October 23. The newly sold T-notes mature on December 5, 2013. Demand in the latest auction totalled RSD 22.8bn (228% of offer), up from RSD 9.7bn in the previous auction (97% of offer) when the ministry sold RSD 8.7bn worth of 53-week T-note, some 87% of total offer. In November, the Treasury managed to sell 73.8% of the targeted RSD 34bn worth of dinar-denominated debt and 96.3% of the planned EUR 40mn euro-denominated securities. In the first eleven months of the year it sold dinar-denominated securities worth a nominal RSD 293bn (down 4.3% y/y) and euro-denominated securities totalling EUR 555mn (up 0.3% y/y). In December Serbia plans to sell dinar-denominated debt paper worth a nominal RSD 28bn and euro-denominated securities worth EUR 40mn.

Serbia sells EUR 26.8mn of 53-week T-notes, yields drop.

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