Serbia’s finance ministry said it raised RSD 10.13bn (EUR 86m) in a reopening of an issue of twelve-year Treasury bonds, or 90% of its offer of RSD 11.13bn.

The yield in the auction came in at 7.15%, the ministry said in a press release on Monday.

At the latest auction for twelve-year Serbian Treasury bonds held on November 24, 2021 the yield stood at 1.60%.

Demand for the government debt paper totalled RSD 10.13bn.

The Treasury bonds carry a coupon of 4.50% paid semi-annually and will mature on August 20, 2032.

Source: SeeNews, Momentum