Serbia sells out EUR 89mn of 53-week T-notes, yields rise.

By bne IntelliNews May 16, 2012
Serbia sold out a RSD 10bn (EUR 89mn) issue of 53-week Treasury notes on May 15, the finance ministry's treasury department said in a statement. Investors bought 1,000,000 securities at an annual yield of 12.58%, up from 12.5% in the previous 53-week T-notes auction held in April. The newly sold T-notes mature on May 23, 2013. In April, 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 34.3bn in May. It sold EUR 32.88bn worth of short-term debt paper denominated in dinars in April, below its RSD 51bn target.

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