Serbia auctioned EUR 37.7mn of three-year euro-denominated Treasury bonds on Monday, September 9, the public debt administration said in a statement.
This is Serbia's forth auction of 3Y euro T-bonds. Weak demand (EUR 37.7mn or 75.4% of the amount on offer) lifted the yield to maturity to 5.0% from 4.5% achieved at the previous such auction held in June 2013.
The treasury sold 37,680 securities. The papers hold a 4.5% annual coupon and the latest issue matures on September 11, 2016.
Serbia plans to place RSD 28bn worth of dinar-denominated and EUR 50mn euro-denominated debt on the domestic market in September. In August, the Treasury sold dinar-denominated papers worth RSD 18.7bn vs. RSD 27bn on offer and placed 53.4%, or EUR 26.7mn, of its only euro-denominated debt issue planned again at EUR 50mn.
|Serbia 3-year T-bonds issues in EUR||Issued amount, EUR mn||Sold amount, EUR mn||Accepted rate,%|
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