The Government of the Republic of Kosovo held yesterday the Treasury Bills Auction KV006-16, where it offered two-year long government bonds at nominal value of 25 million euro.

10 million euro of this bid amount will serve for re-financing of the bonds that were issued in March 2014, whereas the remaining part of 15 million euro will be used as a budget support. The bid amount will serve for re-financing instrument issued in February 2015.

In the auction of Treasury bills, the market has shown demand for purchase in the amount of 70.54 million euro. Meanwhile only the amount of 25 million euro that was announced in advance was accepted by the Government.

The interest rate for this annual auction was 1.16%, which represents a difference of -147 basis points compared with the interest rate of the last auction of 24-month bills, which was 2.63%.

Buyers of Treasury bills by categories are banks with 24.85 million euros and insurance companies by 0.15 million euros.

Therefore Kosovo will have budget revenues of 14,979,099.54 euro, the information office of the Ministry of Finance has announced. /rtk/