Serbia sells eight-year gov't bonds for 41.5 bln dinars

BELGRADE – The Serbian Public Debt Administration announced on Tuesday it had sold eight-year dinar-denominated government bonds at an auction for 41.5 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 on Monday.

The auction volume stood at 44,419,470,000 dinars and the coupon rate was 7.0 pct.

The volume of demand totalled 42,941,200,000 dinars, and 4,154,115 government bonds with a nominal value of 41,541,150,000 dinars and an annual rate of return of 6.12 pct were sold at the auction, at 10,721.06 dinars apiece.

(1 euro = 117.16 dinars)