Serbia sells eight-year gov't bonds for 63.15 bln dinars

BELGRADE – The Serbian Public Debt Administration on Thursday announced it had sold eight-year dinar-denominated government bonds at an auction for 63.15 bln dinars.

In a statement, the Administration said an issue of eight-year Serbian government bonds, maturing on October 26, 2031 and first issued on October 24, 2023, had been reopened earlier in the day.

The auction volume stood at 67,565,860,000 dinars and the coupon rate was 7.0 pct.

The volume of demand totalled 63,284,140,000 dinars, and 6,314,639 government bonds with a nominal value of 63,146,390,000 dinars and an annual rate of return of 6.15 pct were sold at the auction, at 10,675.85 dinars apiece.

(1 euro = 117.2 dinars)