Serbia PREMATURELY repurchases government bonds worth nearly RSD 5 billion of government bonds

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The Republic of Serbia has prematurely repurchased government bonds in the amount of RSD 4.8 billion, the Ministry of Finance announced. At the auction of premature repurchase of three-year RSD government bonds on Friday, with a coupon rate of 4.50 percent, maturing on 5 April 2020, 481,724 government bonds were purchased at a total nominal value of RSD 4,817,240,000. The volume of the repurchase of bonds by the Republic of Serbia amounted to RSD 7 billion, while the volume of bids submitted at the auction amounted to around RSD 4.8 billion, i.e. 68.82 percent of the said purchase volume. Government bonds, as it is reported, were repurchased at an executive yield rate of 1.80 percent.

Source: Agencije, Tanjug

Photo: Pixabay