The Macedonian Ministry of Finance announced Tuesday the introduction of 30-year state treasury bonds for the first time.
The country sold 19.5 million euro (around 24 million U.S. dollars) bonds at an interest rate of 4.85 percent.
This is a signal for investor confidence in the Macedonian economy, the Finance Ministry said, revealing that investor demand is twice what the country has issued.
Investors are private pension companies and insurance companies, the ministry added.
"Macedonia's economy is back on track as the economic indicators point out. This is an indication that the Macedonian economy is now aiming for a higher level," Finance Minister Dragan Tevdovski said.
In March 2012, 92 percent of issued state treasury bonds in Macedonia were short-term, whereas 8 percent were long-term. In March 2018, the ratio was 40 percent short-term bonds versus 60 percent in the long run.
