The Government of the Republic of Kosovo held yesterday the Treasury Bills Auction KV003-16, where were offered 12-month Treasury bills at a nominal value of 25 million euro.
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 72.2 million euro. This is the highest amount that has ever come as a demand for the Treasury Bills market. While it is received only the amount announced in advance which is 25 million Euro. The interest rate for this annual auction was 0.97%, which represents a difference of 56 basis points compared with the interest rate of the last auction of 12-month bills, which was 1.53%.
Buyers of Treasury bills by categories are private banks with 24.75 million euros and insurance companies by 0.25 million euros, due to the lower rate of refinancing we will have the budget revenues of 138,036.59 euro.
Treasury bonds auction held yesterday is another positive valuation that financial institutions have in the country for the financial stability of the Government of Kosovo, thus expressing their high interest and willingness for Treasury bills. However at the same time is the commitment of the Government for transparency and pure treasury bills market.