Serbia’s finance ministry said on Monday it sold RSD 27.2bn (EUR 231.8m) worth of two-year fixed-rate Treasury notes, as the issue was undersubscribed.

Yield in the auction came in at 5.95%, with coupon payments due annually.

Serbia last auctioned two-year T-notes in November 2022, when it sold RSD 815m worth of government paper at 2.75% yield.

Source: SeeNews, Momentum