Currencies

N. Macedonia sells 12.1 mln euro worth of 1-yr T-bills


April 23 (SeeNews) – North Macedonia’s finance ministry sold 743.2 million denars ($12.9 million/12.1 million euro) worth of one-year Treasury bills, central bank data showed on Tuesday.

The interest rate on the government securities, which mature on April 23, 2025, was set at 3.80%, the central bank data showed.

The central bank sells government securities on behalf of the finance ministry through volume tenders in which the price and coupon are set in advance and primary dealers bid only with amounts.

Details of the auction follow:

Auction date April 23, 2024
Maturity date April 23, 2025
Amount offered (mln denars) 743.2
Amount sold (mln denars) 743.2
Total bids placed (mln denars) 743.2
Interest rate 3.80%

(1 euro = 61.57 denars)



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