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April 16, 2003 - Wednesday |
First issue of the state notes
Serbia has issued state notes intended to finance its budget through the financial market. In it's first issue 500 million dinars (€7.81 million) of state notes with a 91 day payment term have been offered.
Sixty six percent state notes were sold, with a 13.73% average discount. The market value of sold state notes was 318.9 million dinars (€4.98 million).
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