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).

Related Articles

Serbia’s central bank cuts policy rate for first time since July 2016

Serbia’s central bank decided to cut the monetary policy interest rate by 25bps to 3.75% at its monetary policy board meeting on September 7. The policy rate has been held constant at 4% since July ... more

Footballer's Bentley rams Serbian president's motorcade

An investigation is ongoing after a Bentley car hit Serbian President Aleksandar Vucic's motorcade on September 2, Deputy Prime Minister and Minister of Interior Affairs Nebojsa Stefanovic told ... more

Serbian court rejects Croatia's Lex Agrokor

The Commercial Court in Belgrade has turned down a request by Ante Ramljak, the government-appointed extraordinary commissioner at Croatia’s Agrokor, for companies within the group in Serbia to be ... more

Dismiss