Serbia auctioned EUR 37.7mn of three-year euro-denominated Treasury bonds on Monday, September 9, the public debt administration said in a statement.
This is Serbia's forth auction of 3Y euro T-bonds. Weak demand (EUR 37.7mn or 75.4% of the amount on offer) lifted the yield to maturity to 5.0% from 4.5% achieved at the previous such auction held in June 2013.
The treasury sold 37,680 securities. The papers hold a 4.5% annual coupon and the latest issue matures on September 11, 2016.
Serbia plans to place RSD 28bn worth of dinar-denominated and EUR 50mn euro-denominated debt on the domestic market in September. In August, the Treasury sold dinar-denominated papers worth RSD 18.7bn vs. RSD 27bn on offer and placed 53.4%, or EUR 26.7mn, of its only euro-denominated debt issue planned again at EUR 50mn.
| Serbia 3-year T-bonds issues in EUR | Issued amount, EUR mn | Sold amount, EUR mn | Accepted rate,% |
| Sep-13 | 50.0 | 37.7 | 5.00 |
| Jun-13 | 50.0 | 33.9 | 4.50 |
| Jan-13 | 30.0 | 30.0 | 4.88 |
| May-11 | 100.0 | 58.9 | 5.00 |
| Source: NBS |
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