Serbia sells EUR 50.7mn in 18-mo T-notes, yields fall.

By bne IntelliNews January 18, 2012
Serbia's finance ministry said it sold out a RSD 5.3bn (EUR 50.7mn) issue of 18-month Treasury notes on January 17. The ministry sold 530,399 securities at an annual discount interest rate of 12.79%, the ministry's Treasury department said in a statement. The securities mature on April 4, 2013. The ministry sold RSD 1.45bn worth of 18-mo T-notes at an annual discount rate of 13.3% in its previous auction held on December 6. The sold securities in the two auctions are part of a bigger 18-mo T-notes issue, which was initially offered to investors on October 4, 2011. The ministry has said it plans to sell debt paper worth a nominal RSD 34.3bn in January after targeting to place short-term securities worth a total of RSD 10.8bn in nominal terms in December.
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