Macedonia to sell 550 million denars of 1-yr T-bills

Macedonia's finance ministry will offer an issue of one year Treasury bills totalling 550 million denars ($10.7 million/9 million euro) at an auction on May 8, according to a notice posted on the website of the country's central bank.

The offer carries a coupon of 1%, the central bank said on its website.

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.

(1 euro = 61.42 denars)

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