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Macedonia to sell 73.5 mln euro of govt paper


Macedonia will offer 4.52 billion denars ($88.4 million/73.5 million euro) worth of government securities with different maturities at an auction on January 9, according to notices posted on the website of the country's central bank, NBRM.

The offer comprises 1.6 billion denars of one-year Treasury bills, 400 million of six-month Treasury bills, 350 million denars of three-year T-notes, 170 million denars of 10-year Treasury notes and 2.015 billion denars of 15-year T-bonds.

NBRM will sell the government securities on behalf of the finance ministry through a volume tender, in which the price and coupon are fixed in advance and primary dealers bid only with amounts.

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