Serbia sells EUR 85mn of 53-week T-notes, yields rise

By bne IntelliNews March 4, 2014

Serbia sold RSD 9.9bn (EUR 85mn) of 53-week T-notes, or 98.6% of the amount on offer, at an auction on March 4, the country’s public debt administration said in a statement.

Despite strong demand equalling to RSD 14.3bn (142.6% of the amount on offer), the annual yield rose to 8.88% from 8.58% achieved at the previous such auction held on February 18. The Treasury sold 986,434 securities, maturing on March 12, 2015.

We expect yields on Serb government debt papers to remain high in the following months. The trend reflects both external (lower risk aversion of international investors) and internal factors (fiscal imbalances and political uncertainty ahead of the March early parliamentary elections).

Serbia plans to sell dinar-denominated debt paper worth a nominal RSD 60bn and euro-denominated securities worth EUR 125mn in March 2014. In February, the Treasury sold RSD 33.3bn in dinar-denominated debt papers, 72.4% of the monthly target, and EUR 50mn in euro-denominated securities (100% of the target).

Related Articles

Former Kosovan premier Ramush Haradinaj arrested in France on Serbia’s warrant

Ramush Haradinaj, a former Kosovan prime minister and the leader of the opposition Alliance for the Future of Kosovo (AAK),  has been taken into police custody in France on a Serbian arrest ... more

China’s Hesteel Group to invest $120mn in Serbia’s Smederevo steel mill

China's Hesteel Group, which acquired Serbia’s only steel mill in July, will invest $120mn in the Serbian company in 2017, ... more

Belgrade Stock Exchange joins SEE Link platform

The Belgrade Stock Exchange (BELEX) has become an active member of the regional SEE Link network, SEE Link announced on December 5. SEE Link is a project started by the Bulgarian, Macedonian and ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss