Serbia sells out EUR 89.6mn of 53-week T-notes, yields drop.

By bne IntelliNews April 4, 2012
Serbia sold out a RSD 10bn (EUR 89.6mn) issue of 53-week Treasury notes on April 3, the finance ministry's treasury department said in a statement. Investors bought 1,000,000 securities at an annual yield of 12.5%, down from 12.69% in the previous 53-week T-notes auction held in March. The newly sold T-notes mature on April 11, 2013. In March, the ministry sold out a RSD 10bn issue of 53-week T-note as well. The ministry has said it plans to sell dinar-denominated debt paper worth a nominal RSD 51bn in April after targeting to place short-term securities of RSD 46bn in March.

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