Macedonias finance ministry raises EUR 24mn in three govt securities auctions.

By bne IntelliNews August 14, 2012
The ministry of finance announced that it sold MKD 1.51bn (EUR 24.5mn) of T-Bills and T-Bonds. The ministry reopened the auction for three-month T-Bills without foreign exchange clause. The ministry offered and sold MKD 180mn of those securities. The yield on the issue was 4%. Banks bought 61.11% of the issue, and the remainder was purchased by bank clients. The ministry also offered and sold MKD 400mn of three-year T-Bonds with EUR clause. The coupon interest rate on the issue was 5.1%. The entire issue was purchased by bank clients. The ministry also offered and sold MKD 925mn of five-year T-Bonds with EUR clause. The coupon interest rate on the issue was 5.5%. The entire issue was purchased by bank clients.

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