Serbia sells 12-year gov't bonds for 5.685 bln dinars

BELGRADE – The Serbian Public Debt Administration announced on Tuesday it had sold 12-year dinar-denominated government bonds at an auction for 5.685 bln dinars.

In a statement, the Administration said an issue of 12-year Serbian government bonds, maturing on August 20, 2032 and first issued on February 18, 2020, had been reopened earlier in the day.

The auction volume stood at 16,333,300,000 dinars and the coupon rate was 4.5 pct.

The volume of demand totalled 9,675,330,000 dinars, and 568,500 government bonds with a nominal value of 5,685,000,000 dinars and an annual rate of return of 6.75 pct were sold at the auction.

(1 euro = 117.28 dinars)