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Serbia sells EUR 84mn of 53-week T-notes, yields drop

January 22, 2014

Serbia sold RSD 9.7bn ( EUR 84mn ) of 53-week T-notes, or 97.4% of the amount on offer, at an auction on January 21 , the country's public debt administration said in a statement. The issue was oversubscribed more than two times with demand equalling to RSD 20.1bn, or 200.7% of the amount on offer. The Treasury sold 973,810 securities at an annual yield of 8.37%, down from 8.89% in the previous such auction on December 30, 2013 . The newly sold securities mature on January 29, 2015 . Serbia plans to borrow the equivalent of EUR 1.34bn on the domestic market in January- March 2014 , which is roughly 23% more than the planned domestic debt issuance in the like period of 2013, the finance ministry's Treasury department has said earlier.

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Source: IntelliNews - Weekly Reports

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