Large interest in today’s auction of treasury bills

There was large interest shown in treasury bills offered by the Ministry of Finance on today’s auction. Three-month treasury bills, with and without foreign exchange clause, were offered, as well as 12-month treasury bills with foreign exchange clause.

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Total offer at the auction of three-month treasury bills without foreign exchange clause amounted to Denar 1,200.00 million, the demand amounted to Denar 1,517.06 million, while realization reached Denar 902.06 million. Weighted interest rate at the auction was 9,43% on annual level.

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Total offer at the auction of three-month treasury bills with foreign exchange clause amounted to Denar 650.00 million, the demand was twice higher, amounting to Denar 1,326.83 million, while realization reached Denar 650.00 million. Interest rate at this auction was prior determined and it amounted to 5.25% on annual level.

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Offer of 12-month treasury bills was Denar 350.00 million, with a huge demand of Denar 878.35 million, and the realization reached Denar 350.02 million. Interest rate at this auction was prior determined and it amounted to 7.00% on annual level.

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Stock of issued government securities as of today’s auction amounted to Denar 8,558,200,000.00 (EUR 139.3 million). Taking into account the stock of issued government securities as of 31 December 2008, amounting to Denar 7,491,110,000.00 (EUR 122 million), Ministry of Finance, in the course of this year, borrowed by issuing government securities in the total amount of Denar 1,067,090,000.00, i.e. EUR 17.3 million, mainly short-term government securities.