Serbia sells EUR 79.6mn of three-year T-notes, yields jump.

By bne IntelliNews July 31, 2012
Serbia sold RSD 9.37bn (EUR 79.6mn) worth of three-year Treasury notes on July 30, or 63.67% of the total on offer, the finance ministry's Treasury department said on its website. The ministry sold 937,451 securities at an annual yield of 15.74%, up from 14.99% in the previous three-year T-notes auction held on June 26. The newly sold securities, which mature on April 27, 2015, are part of a bigger issue already offered to investors twice - in April and June. In the June offering, the treasury sold RSD 362mn of three-year bonds, just 2.42% of total offer. In April, it sold RSD 4.9bn of three-year bonds, or 24.55% of total offer, also yielding 14.99%.
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