Kosovo sells 15.2 mln euro of 3-yr T-notes, below target

PRISTINA (Kosovo), May 20 (SeeNews) – Kosovo’s finance ministry sold 15.2 million euro ($17.1 million) worth of Treasury notes maturing on May 19, 2028, below its 20 million euro target, the central bank said on Tuesday.

The average weighted yield came in at 3% at the auction held on May 16, higher than the yield of 2.68% achieved at the previous auction of three-year Treasury notes held on February 6, the central bank said in a data release.

Details follow:

Auction date May 16 Feb 6 Amount offered (mln euro) 20 20 Amount sold (mln euro) 15.2 20 Total bids placed (mln euro) 18.2 48.3 Bid-to-cover ratio 1.20 2.42 Average weighted yield 3.00% 2.68% Coupon rate 2.90% 2.60%

($ = 0.888 euro)

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Kosovo sells 15.2 mln euro of 3-yr T-notes, below target — TradingView News