Serbia sells EUR 50 million in T-bills

Serbia sold on Monday its entire issue of 50 million euro ($65.8 million) in 53-week Treasury bills, the Finance Ministry`s Public Debt Administration said.

These securities were sold at the discount rate of 3.93 percent on a yearly basis, whereas their maturity date is 5 March 2014.

The next auction of government`s securities is scheduled for February 28th, when six-month T-bills worth a total of RSD 3 billion will be offered for sale.