Serbia sells EUR 38mn in three-year T-bonds, yields rise

By bne IntelliNews February 25, 2014

Serbia auctioned RSD 4.4bn (EUR 38mn) worth of three-year Treasury bonds on February 25, the country’s public debt administration said.

Weak demand, equalling to RSD 7.0bn (70.0% of the amount on offer), lifted the annual-to-maturity yield to 10.38% from 10.18% offered at the previous auction held on December 17. The newly sold securities have a 10% annual coupon and mature on February 27, 2017.

Serbia plans to sell dinar-denominated debt paper worth a nominal RSD 46bn and euro-denominated securities worth EUR 50mn in February 2014. In January, the Treasury sold RSD 22.7bn in dinar-denominated debt papers, 98.9% of the monthly target, and EUR 50mn in euro-denominated securities (100% of the target).

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