Serbia sold RSD 3bn (EUR 26.8mn) worth of 53-week Treasury notes on November 27, or 30% of total on offer, the finance ministry's Treasury department said in a statement. Investors bought the securities at an annual yield of 12.49%, down from 13.99% in the previous 53-week T-notes auction held on October 23. The newly sold T-notes mature on December 5, 2013. Demand in the latest auction totalled RSD 22.8bn (228% of offer), up from RSD 9.7bn in the previous auction (97% of offer) when the ministry sold RSD 8.7bn worth of 53-week T-note, some 87% of total offer. In November, the Treasury managed to sell 73.8% of the targeted RSD 34bn worth of dinar-denominated debt and 96.3% of the planned EUR 40mn euro-denominated securities. In the first eleven months of the year it sold dinar-denominated securities worth a nominal RSD 293bn (down 4.3% y/y) and euro-denominated securities totalling EUR 555mn (up 0.3% y/y). In December Serbia plans to sell dinar-denominated debt paper worth a nominal RSD 28bn and euro-denominated securities worth EUR 40mn. |
Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more
Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more
Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more